Industry News

POSCO stop production in Jiangsu due to China's electricity restriction measure

Views : 188
Update time : 2021-09-28 18:20:19
In fact, under the national control of energy consumption and energy intensity, several companies in Jiangsu and Zhejiang announced the provisional suspension of production.

Affected by the latest Chinese governmental measures on power restriction, a stainless steel factory of POSCO, which is located in Jiangsu, China, has to suspend its production. This mill was estimated to restart production at the beginning of October.

A senior officer explained such measures are affecting foreign enterprises, hence South Korea would like to positively deal with it, and it may also try its best to improve the situation.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices