MIIT: No additional steel capacity on pretext of machining, casting, ferroalloy
2022-01-11 12:12:25 [Print]
China's annual steel output has exceeded 1 billion tons for now, accounting for more than a half of the global production. During the 13th Five-Year Plan, China made remarkable progress by reducing excess steel capacity of 150 million tons and improved the industrial structure by cancelling over 140 million tons of substandard steel capacity.
During the 14th Five-Year Plan, it is strictly prohibited to add steel smelting capacity on the pretext of machining, casting, ferroalloy, etc, Chang Guowu, the deputy director of the raw material department at Ministry of Industry and Information Technology (MIIT) noted recently.
During the 14th Five-Year Plan, it is strictly prohibited to add steel smelting capacity on the pretext of machining, casting, ferroalloy, etc, Chang Guowu, the deputy director of the raw material department at Ministry of Industry and Information Technology (MIIT) noted recently.
