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Jiangsu will quit the full list of steel production capacity in 2017


On nov 10, 2017, wuxi new sanzhou special steel co., ltd. promised that 50 tons of electric furnace would no longer resume production, and that it would withdraw 500,000 tons of steel production capacity, according to the jiangsu development and reform commission website. At this point, the production capacity of 6.34 million tons of crude steel, which was listed in jiangsu province's 2017 steel industry to eliminate excess capacity, has been withdrawn from the market

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