Substandard steel products capacity fully wiped out in China

According to report, the substandard steel products are fully banned in 2017.Asian Metal Copyright In 2016, China set the goal to further eliminate about 500 million tons of capacity in coal industry and reorganize capacity of about 500 million tons in 3-5 year.Asian Metal Copyright By the end of October, the capacity of 140 million tons of substandard steel products have been wiped out completely.Asian Metal Copyright In 2016, China set the goal to further eliminate about 500 million tons of capacity in coal industry and reorganize capacity of about 500 million tons in 3-5 year.Asian Metal Copyright At the same time, China actively eliminated backward production capacity in iron and steel, coal and coal power industries, and overfulfilled annual target ahead of schedule.Asian Metal Copyright By the end of October, the capacity of 140 million tons of substandard steel products have been wiped out completely.Asian Metal Copyright In 2016, China set the goal to further eliminate about 500 million tons of capacity in coal industry and reorganize capacity of about 500 million tons in 3-5 year.Asian Metal Copyright By the end of October, the capacity of 140 million tons of substandard steel products have been wiped out completely.Asian Metal Copyright Based on the current situation, China is expected to basically achieve the goal in 2018 or ahead of schedule.Asian Metal Copyright At the same time, China actively eliminated backward production capacity in iron and steel, coal and coal power industries, and overfulfilled annual target ahead of schedule.Asian Metal Copyright Market analysts believe that the demand for steel products will grow more rapidly in China next year and China's iron and steel industry is likely to see stable improvement in the future.
.Asian Metal CopyrightAccording to report, the substandard steel products are fully banned in 2017Asian Metal Copyright