NDRC: China cut crude steel capacity of 24.7 million tons from Jan to Jul
2018-08-17 08:35:10 [Print]
Zhao Chenxin, spokesperson of the National Development and Reform Commission and director of the Economic Operation Regulation Bureau, said at a press conference on August 16 in 2018 that the work of cut excess capacity in the steel, coal, and electricity industries was actively and orderly carried out
. From January to July, the coal capacity was cut by about 80 million tons, accounting for over 50% of the annual task 150 million tons; the crude steel capacity was reduced by 24 . 7 million tons, accounting for over 80% the annual task 30 million tons . The capacity utilization rate of steel, coal, and electricity industries has increased significantly; the relationship between supply and demand improved significantly; corporate efficiency has continued to improve.