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Baosteel/ wisco restructuring reduce excess capacity of nearly 10 million tons
  • 2017-03-12

This is Cong Shine one leader of stainless steel supply in China. Our stainless steel angle and stainless steel sheet are welcome in the world with quality and our service. Now let us share latest Chinese steel news with you.


In 9th March,Twelfth session of the fifth meeting of the National People’s Congress news center held a press conference . Direct of the state-owned assets supervision and administration commission of the state council Mr Xiao answered questions from Chinese and foreign journalists on "The reform of state-owned enterprises" issues.  Deputy director of the sasac Zhang Xiwu said a broader range of layout of the production capacity is fromed and considered after the reorganization of Baosteel and Wisco. It reduced the repetitive construction and investment greatly. Excess capacity of nearly 10 million tons will be reduced after reorganization.

According to above news, Cong Shine beliver China stainless steel will be advantage more and more compared to others countries. It means China government decide to improve steel production quality from the industry source. For example ,prime 304 stainless steel tube will be produced from the choosing factory and billet steel.  The Secondary material like stainless steel scrap won’t be used again in some small mills. Intermediate frequency furnace will be eliminated complately.

As one major stainless steel supply, we will contiue to keep advantage with upated govement policy for all clients.  We believer more and more clients will choose cong shine due to our reputation on service and quality.

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