Hebei shuts down all iron and steel zombie companies in 2018
2019-01-07 17:58:26 [Print]
Since early 2018, Hebei has been resolutely eliminating outdated capacity, with new progress seen in the supply-side structural reform.
In 2018, Hebei began the transition from quantity-oriented capacity elimination to structure-oriented capacity elimination. In the year, Hebei eliminated steel smelting capacity of 12 . 299 million tons, iron smelting capacity of 10 . 87 million tons, coal capacity of 14 . 01 million tons, thermal power capacity of 549,500KW, with all zombie companies shut down, overfulfilling the annual target.
In 2018, Hebei began the transition from quantity-oriented capacity elimination to structure-oriented capacity elimination. In the year, Hebei eliminated steel smelting capacity of 12 . 299 million tons, iron smelting capacity of 10 . 87 million tons, coal capacity of 14 . 01 million tons, thermal power capacity of 549,500KW, with all zombie companies shut down, overfulfilling the annual target.