Due to overhauls of some workshops and to ease sales pressure on distributors, Jiangsu Province-based Chinese steelmaker Shagang Group has reduced its targeted rebar sales volume for December by 40 percent, while cutting its rebar sales target for the Nanjing district in the given month by 50 percent, as announced by the marketing and sales department ofShagang Group.
In addition, Shagang’s 2,500 cubic meter blast furnace has been halted for overhaul for two months from late November, with 7,000 mt of molten iron production being affected per day. In addition, from December 20 to January 4 Shagang Group will carry out maintenance of its 180 mt converter No. 1, affecting 67,500 mt of molten steel output.