Shigang targets reduced production costs in July

Chinese steel producer Hebei Iron and Steel Group has stated that in July its subsidiary Shijiazhuang Iron and Steel (Shigang) is targeting a production cost for pig iron of less than RMB 2,700/mt and approaching RMB 2,600/mt. Meanwhile, in July the steelmaker will seek to keep its coke usage per metric ton produced below 400 kg, while also targeting levels of 390 kg and 380 kg. In the given month, Shigang aims to reduce its production cost per metric ton of steel by a further RMB 325 compared to the production cost in June.