Chinese steelmakers reduce output further

Jul 30, 2012 | 11:54 AM | None

Tags  Chinese steel output, production cuts, Echeng Iron & Steel, Tonghua Iron & Steel, Shougang, steel

SHANGHAI, China — Several more Chinese steelmakers announced production cuts Monday that are aimed at relieving sales pressure in a weak market.

Echeng Iron & Steel Group Co. Ltd., a member of Wuhan Iron & Steel (Group) Corp., suspended its 2.6-cubic-mile blast furnace, which will reduce output by 60,000 tonnes per month.....

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