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Iron &Steel Capacity in Hebei Would Be Reduced by 1/3

Source: Time:2013-04-19 09:38:34 views:

News form Hebei Iron & Steel Group(HBIR), Hebei province would attach great importance to the problem of PM 2.5 particles and promote restructuring of iron &steel enterprises in the province this year. Iron &steel production capacity would be reduced by 1/3 after this adjustment.
 
HBIR said this adjustment involved small and medium-sized steel mills. It was not clear how it would affect giant mills such as HBIR at present.
 
HBIR forecasted its net profit would fell by 70%-90% year-on-year due to serious oversupply in the steel market currently.
 
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