[Ferro-Alloys.com] China's steel industry needs to focus on quality and efficiency instead of expanding through scale and price competition, a senior official of the China Iron and Steel Association said.
Resource-rich Shanxi province in North China is trying to shake off its dependence on coal by investing in alternative industries for sustainable growth.
One-third of China's coal reserves are located in Shanxi, which used to "power half of the country's light bulbs". Yet decades of dependence on coal has given Shanxi's economy deep-seated structural problems.
Their contribution to the provincial total was 57.1 percent, 14.2 percentage points higher than that of the coal industry, according to the Shanxi Statistics Bureau.
Between 2016 and 2018, Shanxi province shut down 88 coal mines, phasing out 88.41 million metric tons of excess coal production capacity, the biggest amount of any province nationwide, Xinhua News Agency reported.