China Baowu Group plans to sell two 40 mt electric arc furnaces

Thursday, 09 September 2021 14:56:22 (GMT+3)   |   Shanghai
       

Major Chinese steelmaker China Baowu Group announced on September 7 that it plans to sell two 40 mt electric arc furnaces, with an overall steelmaking capacity of 280,000 mt.

At the same time, Baoshan Iron and Steel Co., Ltd (Baosteel), the listed subsidiary of Baowu Group, has inked a memorandum of understanding (MOU) with Saudi Arabian Oil Company (Saudi Aramco), stating that it will set up a whole-process steel plate mill in Saudi Arabia.


Most Recent Related Articles

China’s steel sheet and plate exports in Sept up 54.1% y-o-y, down from Aug

NBS: China’s crude steel output down 21.2 percent in September

Chinese steel sector’s industrial output up five percent in Jan-Sept

China’s HBIS expects 98.23-106.85% rise in net profit for Jan-Sept

NBS: Local Chinese rebar prices up 3.8 percent in early October