Bottom target of steel capacity removal fulfilled for the 13th Five-Year Plan
2017-12-29 18:03:48 [Print]
It is reported that up to now, the steel capacity removal has exceeded 115 million tons, exceeding the bottom target of 100 million tons for the 13th Five-Year Plan and the work will continue to advance in 2018 with strict prevention on new capacity and reoccurring of unqualified steel.
The Adjustment and Upgrading Plan for Iron and Steel Industry (2016-2020) pointed out that by 2020, the net capacity removal shall reach 100-105 million tons. In recent two years, three special actions including normalized capacity removal, disposal of illegal construction project and joint law enforcement have been carried out in order to accelerate the withdrawal of overcapacity. In 2016, China removed 65 million tons of crude steel while in 2017, crude capacity removal reached 50 million tons throughout China based on strict removal of unqualified steel, which basically completes the target for capacity removal. Taking Jiangsu Province as an example, the province has resolved 6.34 million tons of overcapacity with 9 enterprises involved and 10 smelting facilities removed, completing the capacity removal target ahead of schedule in 2017.
The Adjustment and Upgrading Plan for Iron and Steel Industry (2016-2020) pointed out that by 2020, the net capacity removal shall reach 100-105 million tons. In recent two years, three special actions including normalized capacity removal, disposal of illegal construction project and joint law enforcement have been carried out in order to accelerate the withdrawal of overcapacity. In 2016, China removed 65 million tons of crude steel while in 2017, crude capacity removal reached 50 million tons throughout China based on strict removal of unqualified steel, which basically completes the target for capacity removal. Taking Jiangsu Province as an example, the province has resolved 6.34 million tons of overcapacity with 9 enterprises involved and 10 smelting facilities removed, completing the capacity removal target ahead of schedule in 2017.
