POSCO halts HR stainless output in Jiangsu due to electricity restrictions

Wednesday, 29 September 2021 14:58:46 (GMT+3)   |   Shanghai

POSCO Zhangjiagang Stainless Steel, a subsidiary of South Korean steel giant POSCO located in China’s Jiangsu Province, has had to halt its stainless steelmaking and hot rolled production lines due to the power restriction measures implemented by the Chinese government.

The company’s cold rolled stainless steel production line is still operating. The halted production lines are expected to restart by the beginning of October.

Jiangsu Province has required high-energy consumption industries to restrict power usage as of September 17, causing many local steelmakers to shut down their production lines.

POSCO Zhangjiagang Stainless Steel has a crude steel capacity of 1.14 million mt per year.

Most Recent Related Articles

Ex-China stainless steel prices edge up

Shagang Group suspends flats rolling operations, cuts longs output

Ex-China stainless steel prices edge up

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

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