Stay updated with breaking news from Xingtai iron. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
China’s crude steel production will continue to get capped in 2022 and beyond, keeping annual output below 2021 levels, a development that comes despite a flexible timeline allowed for reaching peak carbon emissions, industry sources told S&P Global Platts. China’s Ministry of Industry and Information Technology in a guideline issued Feb. 7 made the timetable . ....
China's steel industry consolidation gathers pace, to aid output and emission cuts hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Ansteel, Bengang Relaunch Restructuring to Create China’s No. 2 Steelmaker China’s state-owned Ansteel Group is planning a strategic consolidation with regional rival Benxi Steel Group, known as Bengang, a move that could form China’s second-largest steelmaker, Bengang’s Shenzhen-listed unit said Thursday. The restructuring, which may result in a change of control of the company, is still in the planning stage, subject to the approval of related government departments, Bengang Steel Plates Co. Ltd. (000761.SZ) said in a statement. This would be the second attempt for the two steelmakers to consolidate in 16 years. The two companies announced a merger in 2005 but were unable to complete it. As Ansteel is owned by the national state-assets regulator and Bengang is owned by the local regulator, they couldn’t agree on an asset-reorganization plan, and the merger was limited to consolidation of financial statement, without an actual integration. ....