China's steel industry says 'no' to excess capacity

China's steel industry should avoid any expansions to capacity this year and instead, focus on better quality rather than higher quantity, according to Shen Wenrong, chairman of Shagang Group (Shagang), China's largest EAF mill and based Zhangjiagang, East China's Jiangsu province.

China’s steel industry should avoid any expansions to capacity this year and instead, focus on better quality rather than higher quantity, according to Shen Wenrong, chairman of Shagang Group (Shagang), China’s largest EAF mill and based Zhangjiagang, East China’s Jiangsu province. In an interview with China Metallurgic News on