Magang Group completes de-capacity three-year plan

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.Asian Metal Copyright24 million tons of iron-making capacity and 2.Asian Metal Copyright69 million tons of steel-making capacity, and distributed 29,204 employees.Asian Metal Copyright14 million tons and 26.Asian Metal Copyright Its annual capacity of pig iron and crude steel decreased from 22.Asian Metal CopyrightOn 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.Asian Metal Copyright14 million tons and 26.Asian Metal Copyright24 million tons of iron-making capacity and 2.Asian Metal Copyright44 million tons in late 2015 to 18.Asian Metal Copyright44 million tons in late 2015 to 18.Asian Metal Copyright3 million tons and 21.Asian Metal Copyright71 million tons, down by 17.Asian Metal Copyright71 million tons, down by 17.Asian Metal Copyright Over the past three years, Magang Group has eliminated 2.Asian Metal Copyright34% and 17.Asian Metal Copyright24 million tons of iron-making capacity and 2.Asian Metal Copyright89% respectively.

.Asian Metal Copyright71 million tons, down by 17.Asian Metal Copyright