Production pruning - Chinese H beam makers to slash output
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Thursday, 26 Mar 2009
Chinaesteel reported that Masteel, Laiwu Steel and Jinxi Steel planned to cut output by at least 30% or more than 100,000 tonnes per month during April and June.
According to the report, the three major producers of H-section also decided to hold the price of large section at CNY 3,500 per tonnes as a floor price.
(Sourced from chinaesteel)
