NDRC: China cut crude steel capacity of 24.7 million tons from Jan to Jul

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.Asian Metal CopyrightZhao 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.Asian Metal Copyright 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.Asian Metal CopyrightZhao 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.Asian Metal Copyright7 million tons, accounting for over 80% the annual task 30 million tons.Asian Metal Copyright7 million tons, accounting for over 80% the annual task 30 million tons.Asian Metal Copyright 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.
.Asian Metal CopyrightZhao 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 outAsian Metal Copyright