Chinese stainless mills told to curb power use
Aug 13, 2010 | 11:29 AM
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Stainless mills in Zhejiang and Jiangsu provinces, which account for nearly half of China's stainless capacity, have been ordered to halt operations two days every week to conserve state grid power.
Power consumption traditionally spikes in the summer, and "every year around this time government will ask mills to reduce power usage," an analyst in Shenzhen said.
Some sources said the notice was effective Aug. 13 while others said the power restrictions started Aug. 10 and will end Oct. 25.....
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