Home / Metal News / Steel & Iron Ore / MIIT: China Accomplishes 84.8% of Annual Steel Capacity Elimination Mission in First Five Months
MIIT: China Accomplishes 84.8% of Annual Steel Capacity Elimination Mission in First Five Months
Jul 25,2017 13:22CST
industry news
Source:SMM
China has completed 84.8% of annual steel capacity cuts target in the first five months of 2017, said Zhang Feng, news spokesman of the Ministry of Industry & Information Technology (MIIT).

SHANGHAI, Jul. 25 (SMM) - China has completed 84.8% of annual steel capacity cuts target in the first five months of 2017, said Zhang Feng, news spokesman of the Ministry of Industry & Information Technology (MIIT).

The mission of “Ditiao steel” capacity elimination had been accomplished by the end of June.

CISA: Daily Crude Steel Output Falls in Early July 

“Ditiao steel” is a Chinese name for low-quality steel produced in intermediate frequency furnace with steel scrap as raw material, as well as rolled steel products produced with such steel as raw material.

Two Steel Mills Hike August Bid Price for SiMn Alloy, SMM Reports

China also made breakthroughs in cutting back aluminum, cement and sheet glass overcapacity.

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. 

 

MIIT
steel capacity
steel
aluminum

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