Tag: China Shagang Steel
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China: Shagang slashes output on power shortages
Shagang Group, China’s largest privately-owned steel producer based in East China’s Jiangsu province, began slashing production from October 19, as the severe power shortages had prompted the province to elevate controls on power usage, sources close to the steelmaker confirmed. From the night shift on October 19, Shagang will cut rebar output by 60% and…