Central SOEs Beat Steel and Coal Capacity Cut Goals

SHANGHAI, Sept. 28 (SMM) – Central state-owned enterprises (SOEs) have cut more steel and coal capacity than the central government has ordered last year and in January-August this year.

In 2016, steel and coal capacity cut by central SOEs took up 80% and 73%, respectively, of total cuts nationwide. 

In January-August 2017, central SOEs slashed another 16.14 million tonnes of steel capacity and 55.10 million tonnes of coal capacity. 

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.