China reduces over 150 million tons of iron and steel production capacity since 2016

On October 27, China Iron and Steel Association released news on its official Wechat and noted that the third Global Forum on Steel Excess Capacity (GFSEC) Ministerial Meeting was held in Tokyo, Japan.Asian Metal Copyright Since 2016, China has reduced more than 150 million tons of steel production capacity, which is 114% of the world's total capacity reduction.Asian Metal Copyright China highlighted, China has reduced the most steel capacity and made the greatest contribution among all GFSEC members.Asian Metal Copyright At present, China's steel market has improved significantly.Asian Metal Copyright Since 2016, China has reduced more than 150 million tons of steel production capacity, which is 114% of the world's total capacity reduction.Asian Metal Copyright The utilization rate of crude steel production capacity has reached a reasonable range of more than 80%.Asian Metal Copyright In this process, China has resettled 280,000 steel workers alone, which outnumbers total steel workers respectively in the United States, Europe or Japan.Asian Metal CopyrightOn October 27, China Iron and Steel Association released news on its official Wechat and noted that the third Global Forum on Steel Excess Capacity GFSEC Ministerial Meeting was held in Tokyo, Japan.Asian Metal Copyright At present, China's steel market has improved significantly.Asian Metal CopyrightOn October 27, China Iron and Steel Association released news on its official Wechat and noted that the third Global Forum on Steel Excess Capacity GFSEC Ministerial Meeting was held in Tokyo, Japan.Asian Metal Copyright The utilization rate of crude steel production capacity has reached a reasonable range of more than 80%.Asian Metal Copyright China highlighted, China has reduced the most steel capacity and made the greatest contribution among all GFSEC members.Asian Metal Copyright China has made a great contribution to the healthy development of the global steel industry.
.Asian Metal Copyright China has made a great contribution to the healthy development of the global steel industry.Asian Metal Copyright