25 August 2019

Maanshan Iron to shut down Hefei plant, filing says

Maanshan Iron and Steel Co. Ltd. (600808.CN) is planning to shut down its plant in Heifei, Anhui province, after reports of severe pollution at the mill, it said in a regulatory filing Tuesday. In October, the company stopped production in Hefei as part of efforts to eliminate outdated capacity. The shutdown is estimated to have cost 1.2 billion yuan (US$196.7 million) in losses, the filing said.

– Contact HKEJ at [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe