Gansu Province-based Chinese steel producer Jiuquan Iron and Steel Group (JISCO) has announced that its subsidiary Yuzhong Iron and Steel Co., Ltd (JISCO Yuzhong Steel) plans to demolish two 420 m2 iron-making blast furnaces and two 40 mt steelmaking converters, with demolition expected to be completed by the end of September this year.
Accordingly, the demolition of the blast furnaces and converters will eliminate one million mt of annual iron-making capacity and 1.40 million mt of crude steel production capacity.