UTC+8 ( BJT)

China’s top EAF steel producer formally set up in Sichuan


China’s largest electric-arc-furnace producer has formally been incorporated on July 27 in Southwest China’s Sichuan by combining eight local independent EAF mills, which has also helped the province to enhance it steel industry concentration, competitiveness and efficiency, the Sichuan Provincial Economic and Information Department shared in a release on the same day.
The new entity - Sichuan Metallurgical Holding Groupin literal translation, will be boasting a 10.49 million tonnes/year steelmaking capacity by the end of this year, according to the sharing. The merger was first initiated in 2016when 11 EAF millsin the province expressed the willingness to join, but the members have shrunk


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