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China releases new steel capacity replacement policy
2018-01-09

The Ministry of Industry and Information Technology (MIIT) announced Monday a new policy to ensure zero growth of steel capacity in 2018.

In environmentally sensitive areas of the Beijing-Tianjin-Hebei region, the Yangtze River Delta and the Pearl River Delta, steel plants should remove at least 1.25 tonnes of outdated capacity for every 1 tonne of new capacity.

"In the January-November period last year,外媒:英国首相特蕾莎·梅或于8日宣布改组内阁 combined net profits in the ferrous metal smelting and rolling sector rose 180 percent year on year to about 314 billion yuan (about 48 billion U.S. dollars)," said a MIIT statement.

The steel sector must focus on quality and profits while cutting overcapacity, it said.

  


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