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China's Henan shuts 1.57 million tons of backward stainless steel production capacity

3 Apr 2019 13:19 reported by Joy Liu

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It was recently reported that Changtai Stainless Steel Plate Co., Ltd., one of the stainless steel manufacturers in China's Henan Province, has shut its backward production capacity of stainless steel by 1.57 million tons in 2018, including a 60-ton converter with capacity 950,000 tons and a 530m³ No. 2 blast furnace with capacity 620,000 tons.

The firm has previously decided to release announced a demand indicator for 940,000 tons of steel making capacity in China for the construction of a 85-ton electric arc furnace special steel items on December 12th, 2017 according to the requests from the Department of Industry and Information Technology of Henan Province.

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