Bayi Iron and Steel to transfer 176,000 tons of idle ironmaking capacity
2022-06-07 16:17:02 [Print]
Bayi Iron and Steel announced on June 6 that the company plans to transfer 176,000 tons of ironmaking capacity out of the idle capacity of 430m3 blast furnaces to Baosteel Zhanjiang Iron and Steel Co
. , Ltd . by a non-public agreement. The unit price of the transfer is RMB512/t (USD76.75/t) and the total amount is about RMB90 . 11 million (USD13 . 51 million).