Coke market report August 2012
2012-09-11 16:54:34 【Print】
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1. Financial overview
1.1 RMB4,000 billion-worth investment causing overcapacity in steel industry
Wu Xichun, Honorary Chairman of China Iron and Steel Association, stated that steel mills should not be the only one to blame for overcapacity as RMB4,000 Billion-Worth Investment Expanding Plan in 2008 played an important role in the process.
1.1 RMB4,000 billion-worth investment causing overcapacity in steel industry
Wu Xichun, Honorary Chairman of China Iron and Steel Association, stated that steel mills should not be the only one to blame for overcapacity as RMB4,000 Billion-Worth Investment Expanding Plan in 2008 played an important role in the process.