August 30, 2008

CISA calls for closing 500 cubic meter and below BFs

Mr Luo Bingsheng vice chairman of China Iron & Steel Association while speaking in “Merger and Acquisition of Iron and Steel Industry and Enterprise Development Seminar” on November 26th 2007 said that outdated capacities of 200 cubic meter and 300 cubic meter blast furnaces should be closed down and low level capacities of 400 cubic meter and 500 cubic meter blast furnaces should also be shut down.

He expressed that “Some small sized blast furnaces expanded scales and capacity, so outdated capacity rose up instead of reduced. Domestic steel enterprises should close down not only outdated capacity, but also low level capacity.”