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China to reinforce de-capacity plans in nonferrous industry in 2018
Jan 17,2018 19:19CST
industry news
Source:SMM
The State-owned Assets Supervision and Administration Commission (SASAC) said capacity cut efforts will be reinforced in the nonferrous metals, ship building and coal-fired power industries in 2018.

China has basically completed capacity cuts in the steel sector, said Shen Ying, general accountant of the State-owned Assets Supervision and Administration Commission (SASAC) on Wednesday January 17. Moving forward, China will push for a technology upgrade in the steel industry.

In 2018, the country aims to further restructure the coal industry and reduce capacity by more than 10 million mt. Capacity cut efforts will also be reinforced in the nonferrous metals, ship building and coal-fired power industries.

 


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de-capacity
steel
nonferrous

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