Chinese Ferrosilicon De-Capacity Meeting Was Held Successfully

  • Friday, March 4, 2016
  • Source:ferro-alloys.com

  • Keywords:FeSi
[Fellow][www.ferro-alloys.com] Erdos Holding Group and Junzheng Group Jointly organized a meeting to save Chinese ferrosilicon industry by eliminating outdated capacity. 25 ferrosilicon companies took part in this meeting, accounting for 93% of the total capacity in C...

[www.ferro-alloys.com] Erdos Holding Group and Junzheng Group Jointly organized a meeting to save Chinese ferrosilicon industry by eliminating outdated capacity. 25 ferrosilicon companies took part in this meeting, accounting for 93% of the total capacity in China. The meeting passed 5 resolutions. The first, Inner Mongolia Jiuying Energy Technological Service Company will be set up. Its registered capital will be 0.15 billion yuan. The second, a foundation will be responsible for the function of de-capacity. The third, the leadership team will be organized for the new company. The fourth, the first shareholder meeting will be held before March 10th, 2015, and 75# ferrosilicon will be quotated at RMB5200/mt and 72# ferrosilicon will be quotated at RMB5000/mt.The fifth, some regulation rules were made to punish those ferrosilicon companies which break the rules.

  • [Editor:Chen Zhen Seng]

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