Magang Group completes de-capacity three-year plan
2018-10-30 17:40:46 [Print]
On October 29th, Magang Group completely finished the three-year plan of reducing capacity of iron and steel and the overall equipment has really stepped up to a large and modern level.
Over the past three years, Magang Group has eliminated 2.24 million tons of iron-making capacity and 2 . 69 million tons of steel-making capacity, and distributed 29,204 employees . Its annual capacity of pig iron and crude steel decreased from 22 . 14 million tons and 26 . 44 million tons in late 2015 to 18 . 3 million tons and 21 . 71 million tons, down by 17 . 34% and 17 . 89% respectively.
Over the past three years, Magang Group has eliminated 2.24 million tons of iron-making capacity and 2 . 69 million tons of steel-making capacity, and distributed 29,204 employees . Its annual capacity of pig iron and crude steel decreased from 22 . 14 million tons and 26 . 44 million tons in late 2015 to 18 . 3 million tons and 21 . 71 million tons, down by 17 . 34% and 17 . 89% respectively.