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Since early 2018, Hebei has been resolutely eliminating outdated capacity, with new progress seen in the supply-side structural reform.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.
