Shangang cuts Linyi steel capacity on insufficient quota
Jun 27, 2019 11:30
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Shandong Iron & Steel Group (Shangang) in East China’s Shandong province, had to modestly trim its greenfield specialty steel capcity in Linyi, a coastal city of Shandong on failing to acquire enough old capacity quotas to fulfil the original 6 million tonnes/year plan, according to a government notice.
Shandong Provincial Industry and Information Technology Department (SDIITD) issued a notice on June 26, stating that Shangang’s Linyi project has been trimmed to 5.56 million t/y ironmaking and 5.38 million t/y steelmaking from the original 5.99 million t/y and 6 million t/y respectively due to the quota issue.
When the project