[Ferro-Alloys.com] The steel industry operates steadily on the whole in 2019, according to Ministry of Industry and Information Technology (MIIT).
Crude steel output hit another record high. Through 2019, the pig iron, crude steel and steel productions are 809, 996, 1205 million tons respectively, and up by 5.3%、8.3% and 9.8% year on year. Domestic crude steel apparent consumption was 940 million tons, up by 8% vs. the same period of last year.New capacity will be strictly prohibited in the steel sector in Jilin, Development and Reform Committee of Jilin Province published a notice recently.
The notice was to consolidate the progress of the supply-side structural reform, to speed up the high-quality development of the iron and steel industry, to adapt to new changing situation requires better and strictly prohibit new capacity in the steel sector.Chinese company Jingye Group announced on Monday that it has taken over British Steel in a rescue bid, securing the immediate future of the Scunthorpe steelworks and promising a sustainable chapter for the industry.