China achieves over 80% of crude steel cut target in Jan-Jul

Published: Aug 17, 2018 10:49

Save

It achieved over 80% of its annual capacity cut target on crude steel, by eliminating crude steel overcapacity of 24.7 million mt in Jan-Jul

SHANGHAI, Aug 17 (SMM) – China achieved over 80% of its annual capacity cut target on crude steel, by eliminating crude steel overcapacity of 24.7 million mt during the first seven months of the year. This was according to an official of the National Development and Reform Commission during its supply-side reform press conference on August 16.

From January to July, China reduced coal capacity by 80 million mt, more than half of its 2018 target of 150 million mt of cuts, the official said.

Supply-side reform Crude steel Coal

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

Jun 23, 2026 16:31

Australia Terminates Anti-Dumping Probe on South Korean, Vietnamese Galvanised Steel Sheets

On June 19, 2026, the Australian Anti-Dumping Commission issued Notice No. 2026/088, terminating the anti-dumping investigation on galvanised sheet [Zinc Coated (Galvanised) Steel] imported from South Korea and Vietnam, following the withdrawal application submitted by the applicant BlueScope Steel Limited. Previously, on May 22, 2026, the Commission issued Notice No. 2026/071, initiating an anti-dumping investigation on galvanised sheet imported from South Korea and Vietnam, in response to an application filed by Australian domestic enterprise BlueScope Steel Limited.

Jun 23, 2026 16:31

Jun 5, 2026 11:08

Supply Gap Persists in Vietnamese Market, Spot Lead Traded at High Premiums

[Ex-China Lead Market Dynamics] It was learned that the recent environmental protection inspections on secondary lead in the Vietnamese market had temporarily come to an end, and some lead smelters had gradually resumed production. However, in the face of the current primary lead supply gap, spot lead in the local market continued to maintain high premiums. According to the latest information, the CIF premium for Vietnamese lead ingots with Pb≥99.99% in June had reached $180/mt as a common transaction price, compared to around $165/mt in May.

Jun 5, 2026 11:08

May 27, 2026 14:15

Nanyang Zhongjie Receives Approval for Waste Lead-Acid Battery Collection Project

[Waste Lead-Acid Battery Collection Enterprise Updates] Recently, the Xinye Branch of the Nanyang Municipal Ecology and Environment Bureau in Henan Province officially approved the Environmental Impact Assessment Report for the waste lead-acid battery collection, storage, and transfer project of Nanyang Zhongjie Environmental Protection Technology Co., Ltd. (Wan Xin Huan Shen [2026] No. 8). The project will construct a comprehensive workshop integrating weighing, loading and unloading, and storage, with designated areas for intact batteries, dedicated storage rooms for damaged batteries, and temporary hazardous waste storage rooms, with a designed annual collection and transfer capacity of 5,000 mt of waste lead-acid batteries.

May 27, 2026 14:15