Flash: Hebei to cap steel capacity at 200 million mt by end of 2020

SHANGHAI, Mar 26 (SMM) – Hebei province is set to cut over 10 million mt of steel capacity this year, and another 10 million mt in 2019, according to a government working plan issued on Monday March 26.

The Chinese province also targets to cut some 20 million mt of steel capacity in 2020 and cap its total capacity at 200 million mt by the end of that year, according to the working plan.

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