September 07, 2008

Panzhihua shuts down two units after earthquake

Chinese steel maker Panzhihua Iron & Steel Group announced that it has shut down operations at two units due to earthquake in the southwest of the country.

The company said in a statement on the state owned Assets Supervision and Administration Commission's website said that that Chengdu Iron & Steel Co and Sichuan Changcheng Special Steel Co have suspended production. It did not say when production would resume.

Chendu Iron has annual iron capacity of 1.5 million tonne and steel capacity of 1.8 million tonnes.

Sichuan Changcheng Special Steel has an annual crude steel capacity of 650,000 tonnes.