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    MIIT: To prevent resurgence of substandard steel and closed surplus production capacity

    2020-01-21 12:01:51   [Print]
    The State Council Information Office of China held a press conference on development of communications industry on January 20th, 2020.Asian Metal Copyright Next, MIIT will work with NDRC and departments and units related to inter-ministerial joint conference to urge all local governments to continue to carry out the working mechanism of "Inspecting once illegal activities are reported" in order to prevent the resurgence of substandard steel and closed surplus production capacity and the increase of new steel production capacity.Asian Metal Copyright According to Huang Libin, the Director of Operation Monitoring and Coordination Bureau under MIIT, illegal activities in steel industry must be cracked down on once they appear.

    Mr. Huang pointed out that substandard steel shows signs of resurgence as some companies take risks for profits against the backdrop that steel prices pick up and steel market turns better.Asian Metal Copyright .Asian Metal Copyright Next, MIIT will work with NDRC and departments and units related to inter-ministerial joint conference to urge all local governments to continue to carry out the working mechanism of "Inspecting once illegal activities are reported" in order to prevent the resurgence of substandard steel and closed surplus production capacity and the increase of new steel production capacity.Asian Metal Copyright According to Huang Libin, the Director of Operation Monitoring and Coordination Bureau under MIIT, illegal activities in steel industry must be cracked down on once they appear.Asian Metal Copyright Meanwhile, departments and units related to inter-ministerial joint conference will timely conduct on-site inspections of typical cases in order to purify the steel market environment for fair competition.

    .Asian Metal Copyright According to Huang Libin, the Director of Operation Monitoring and Coordination Bureau under MIIT, illegal activities in steel industry must be cracked down on once they appearAsian Metal Copyright
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