Hebei to further resolve excess iron and steel capacity by 14mt this year and next year respectively

Wang Dongfeng, Secretary of Hebei Provincial Party Committee and Director of the Standing Committee of the Hebei Provincial People's Congress, said on May 28 that the iron and steel industry in Hebei is the first-class in the world.Asian Metal CopyrightWang Dongfeng, Secretary of Hebei Provincial Party Committee and Director of the Standing Committee of the Hebei Provincial People's Congress, said on May 28 that the iron and steel industry in Hebei is the first-class in the world.Asian Metal Copyright It is surplus capacity, not backward capacity.Asian Metal CopyrightWang Dongfeng, Secretary of Hebei Provincial Party Committee and Director of the Standing Committee of the Hebei Provincial People's Congress, said on May 28 that the iron and steel industry in Hebei is the first-class in the world.Asian Metal Copyright Our principle is to "shut down the small ones and promote the big ones, retain the good ones and inhibit the bad ones", and the total amount is still relatively large now.Asian Metal Copyright It is surplus capacity, not backward capacity.Asian Metal Copyright We will reduce 14 million tons this year and next year respectively, and control it to less than 200 million tons by 2020.
.Asian Metal Copyright We will reduce 14 million tons this year and next year respectively, and control it to less than 200 million tons by 2020Asian Metal Copyright