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Fifteen of China's major steel bar producers have unanimously called on authorities for measures to restrict steel bar output to support prices, the China Iron and Steel Industry Association said ...
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On 7 July 2016, after a heavy net loss in 2015, Wuhan Iron and Steel Corporation also announced the group would reduce their production capacity by 4.42 million metric tons, which Wuhan Iron and Steel Co Ltd would be cut 1.40 million metric tons, or about 31.7% of the group total. [3]
GUANGZHOU, China (Reuters) -U.S. Treasury Secretary Janet Yellen said on Friday that concerns are growing over the global economic fallout from China's excess manufacturing capacity, making the ...
In 1993, Maanshan Iron & Steel Company Limited was established to list the steel manufacturing assets in the stock exchanges, auxiliary divisions were not listed. [5] The old "Ma'anshan Iron and Steel Company" was renamed to "Magang Holding Company", but remained as the parent and the holding company of the listed company.
The Main Plant Area of Panzhihua Iron and Steel Company. China's steel industry, initially small and hindered by war, expanded rapidly following market reforms in 1978, eventually becoming the world's largest producer. Despite this growth, the industry faced challenges with high debt, market volatility, and environmental pressures.
Zhang Hongliang, a former restaurant manager in central China, took various gigs in and outside China to support his family after losing his job during the COVID-19 pandemic. In March, a job offer ...