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MYSTEEL: Jiangsu deepening finished steel output cuts


East China’s Jiangsu province has stepped up the efforts in reducing power supply from power-intensive industrial plants recently and until September 16, 20 of 28 local steel producers in the country’s second largest steel producing hub after Hebei in North China, had been propelled to deepen their finished steel output cuts or completely halt their rolling lines, Mysteel’s latest tracking showed.
The 28 local steel producers include both blast-furnace and electric arc furnacesteelmakers, producing both carbon and specialty steelproducts, and they are among the local power-intensive industrial enterprises also including cement and textile plants that have been ordered to further cut or suspend operations recently, Mysteel Global noted from the market


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