Steel: Shanghai will ban new production capacity in 2023
30 January 2023 | Commodities, Featured
The local government of Shanghai announced that it will not allow the addition of new steel capacity in 2023 in order not to increase crude steel production capacity and only to reduce it. On the other hand, scrap utilisation will increase by 30% by 2030 and 15% by 2025. In addition, the Shanghai government will […]
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