The national policy encourages the development of the electric furnace and the indirect benefit of the scrap steel industry

Update time:2019-07-20 17:41:00Click:1397
Xia Nong, inspector of the Industrial Coordination Department of the National Development and Reform Commission, said at the 2018 director (expansion) meeting of the China Steel Association on the 13th that 2018 is the year to resolve the deepening of iron and steel excess capacity, with emphasis on preventing the resurgence of "strip steel" and the return of excess production capacity. Qiu Yuecheng, chief researcher of Xiben Shinkansen, told Shanghai News that with the thorough rectification of "strip steel" last year, the trend of new electric furnace and "medium frequency furnace to electric furnace" will drive the demand for scrap steel.