OREANDA-NEWS. January 17, 2012. Jinan Steel shut down a 350-cubic meter blast furnace at the end of 2011.

This was the 22nd, also the last furnace Shandong Iron and Steel Group has permanently closed since the beginning of 2006.

The group scraped outmoded production facilities covering 4.15 million tons of pig iron and 400,000 tons of steel last year.