Home / Metal News / Steel & Iron Ore / China Promotes Steel De-Leveraging with Average Debt Asset Ratio below 60%
China Promotes Steel De-Leveraging with Average Debt Asset Ratio below 60%
Mar 30, 2017 10:55CST
Source:SMM
China plans to cut 50 million tonnes of steel capacities in 2017 through disposing zombie companies, eliminating backward and low-grade capacities.

SHANGHAI, Mar. 30 (SMM) – China plans to cut 50 million tonnes of steel capacities in 2017 through disposing zombie companies, eliminating backward and low-grade capacities.

Meanwhile, average debt asset ratio of steel industry should be below 60% after 3-5 years.

In other news, the government, aiming at on regional resources conformity, will merge steel mills into 1-2 of world-class ultra-large mills, 4-6 of extra-large regional mills, which will account for more than one third of crude steel capacity in China.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

steel output
steel prices
ferrous metals

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news