Baosteel Promises to Cut 11 Million Tons of Capacity
11/04/2016 - The China Iron & Steel Association said it will have eliminated 45 million tons of steel capacity, and likely more, by year’s end, according to the Reuters news service.
Meanwhile, China’s Baosteel Group is planning to lop 11 million metric tons of capacity over the next 14 months, Reuters reported.
Reuters has more on the story here.
Reuters has more on the story here.
