SHANGHAI, Aug. 9 (SMM) – Hebei Province, where China’s steel plants are concentrated, has seen capacity cuts in steel and coal sectors as a battle, Xu Qin, the provincial governor, said recently.
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The province slashed 44.38 million tonnes of steel smelting capacity and 43.76 million tonnes of iron smelting capacity during 2013-2016, including 16.24 million tonnes of steel smelting capacity and 17.61 million tonnes of iron smelting capacity in 2016.
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In H1 2017, Hebei cut 15.72 million tonnes of steel smelting capacity and 14.08 million tonnes of iron smelting capacity, and eliminated all intermediate frequency furnaces.
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