Baosteel Stainless updated its Shanghai headquarters stainless steel production capacity reduction plan
Baosteel Group recently issued the “Announcement on the Adjustment of Baosteel’s Target Tasks for Resolving Excessive Steel Production Capacity”. Regarding its stainless steel plate, Shanghai Stainless Steel Co., Ltd. has one 750 cubic meter blast furnace, one 2500 cubic meter blast furnace, and two 150-ton converters, which have now ceased production.
Among them, 2 converters completed equipment storage in 2017, and 2 blast furnaces were demolished at the end of 2017. Regarding the remaining steelmaking part, the “two 120-ton AOD furnaces and two 100-ton electric furnaces” were originally planned to complete the capacity reduction task in 2018, but the announcement did not mention the time for this part of the capacity to be resolved.