Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group Co. (Hebei Steel Group) has announced that it will cut its iron-making capacity by 2.60 million mt and its steelmaking capacity by 5.02 million mt in 2016-17 amid efforts to reduce emissions.
In particular, Hebei Steel Group will demolish five 450 m3 blast furnaces, two 55-mt converters, one 80-mt converter and two 120-mt converters in order to eliminate outdated and excess capacity.