China plans to cut crude steel capacity within 5 years

  • Monday, February 15, 2016
  • Source:ferro-alloys.com

  • Keywords:steel
[Fellow]CISA report pointed out that China's steel industry is still facing four major outstanding issues, including overcapacity in conflicts and structural problems, enterprises ' exit mechanism has not been established, as well as unfair market conditions. There...

CISA report pointed out that China's steel industry is still facing four major outstanding issues, including overcapacity in conflicts and structural problems, enterprises ' exit mechanism has not been established, as well as unfair market conditions.

Therefore, china has planned to cut crude steel production capacity of 100 million -1.5 million tons, starting in 2016, a 5-year period. the CISA says steel industry overcapacity, solution focused on eliminating backward production capacity a few years ago. 

Starting from this year, China will turn to dissolve excess capacity. It is estimated that 400,000 to 500,000 steel workers will face adjustment.

  • [Editor:Chen Zhen Seng]

Tell Us What You Think

please login!   login   register
  • Buy & Sell

 
Please be logged in to comment!