Shandong solicits public opinions on reduction of excess capacity in iron and steel industry 2019

On December 3, Department of Industry and Information Technology of Shandong released an announcement.Asian Metal Copyright 2 Shandong Fulun Iron and Steel Co.Asian Metal Copyright The announcement said that the target for reduction of excess capacity in iron and steel industry in Shandong is 4.Asian Metal Copyright48million tons of steel-making capacity in 2019.Asian Metal Copyright65 million tons of iron-making capacity and 3.Asian Metal Copyright, Ltd.Asian Metal Copyright48million tons of steel-making capacity in 2019.Asian Metal Copyright 1 electric furnace of 70t 19 70t electric furnace was demolished in 2017, recoding as 770,000t of steel-making capacity, including 580,000t that was recorded in reduction of excess capacity in 2017.Asian Metal Copyright The target plan has been distributed by the office of Shandong Iron and Steel Industry Excess Capacity Reduction and Development Leading Team to Jinan People's Government and State-owned Assets Supervision and Administration Commission of Shandong.Asian Metal Copyright, Ltd.Asian Metal Copyright The target is allocated to 4.Asian Metal Copyright65 million tons of iron-making capacity and 2 million tons of steel-making capacity left at that time and 550,000t of steel-making capacity that was originally designed to replace Shandong Iron and Steel Laiwu Branch to be eliminated.Asian Metal Copyright65 million tons of iron-making capacity and 2 million tons of steel-making capacity that were left by Shandong Iron and Steel Jian Branch when it shut down in 2017, 550,000t of the 4.Asian Metal Copyright65 million tons of iron-making capacity and 2 million tons of steel-making capacity left at that time and 550,000t of steel-making capacity that was originally designed to replace Shandong Iron and Steel Laiwu Branch to be eliminated.Asian Metal Copyright4 million tons of steel-making capacity that was originally designed to replace Shandong Iron and Steel Laiwu Branch to be eliminated, 740,000t of steel-making capacity of Shandong Fulun Iron and Steel Co.Asian Metal Copyright Company Iron-making Steel-making Withdrawal time Facilities Capacity 10kt Facilities Capacity 10kt 1 Shandong Iron and Steel Group Co.Asian Metal Copyright, Ltd.Asian Metal Copyright48million tons of steel-making capacity in 2019.Asian Metal Copyright and 190,000t of steel-making capacity of Shandong Taishan Iron and Steel Co.Asian Metal CopyrightOn December 3, Department of Industry and Information Technology of Shandong released an announcement.Asian Metal Copyright, Ltd.

Table for reduction of excess capacity in iron and steel industry 2019 Shandong

No.	Company	Iron-making		Steel-making		Withdrawal time
		Facilities	Capacity (10kt)	Facilities	Capacity (10kt)
1	Shandong Iron and Steel Group Co., Ltd.	2 blast furnaces of 1,750 cubic meters; 1 blast furnace of 3,200 cubic meters	465	3 converters of 120t; 1 converter of 210t	255	In 2017, Shandong Iron and Steel Jian Branch shut down. The capacity included 4.Asian Metal Copyright, Ltd.Asian Metal Copyright65 million tons of iron-making capacity and 2 million tons of steel-making capacity left at that time and 550,000t of steel-making capacity that was originally designed to replace Shandong Iron and Steel Laiwu Branch to be eliminated.
2	Shandong Fulun Iron and Steel Co., Ltd.			1 converter of 120t	74	120t converter was demolished in 2017, recoding as 1.4 million tons of steel-making capacity, including 660,000t that was recorded in reduction of excess capacity in 2017.
3	Shandong Taishan Iron and Steel Co., Ltd.			1 electric furnace of 70t	19	70t electric furnace was demolished in 2017, recoding as 770,000t of steel-making capacity, including 580,000t that was recorded in reduction of excess capacity in 2017.
Total			465		348

.Asian Metal Copyright Company Iron-making Steel-making Withdrawal time Facilities Capacity 10kt Facilities Capacity 10kt 1 Shandong Iron and Steel Group Co.Asian Metal Copyright