Jinan Steel's 11th 5 year plan, which was recently approved by National Development & Reforms Commission, will force out eleven 350 cubic meter blast furnaces, six 40 tonne or below converters and an urban located mill by 2010 thus reducing 3.25 million tonne iron making capacity, 8 million tonnes of crude steel capacity and 1.8 million tonnes of rolling capacity per year on average during the 11th 5 year plan period.

However, new projects in this period will include three 1750 cubic meter blast furnaces, three 120 tonnes converters, a 1700mm HRC production line and a 1950mm CRC line.

(Sourced from MySteel.net)