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PrintA source with the Ministry of Industry and Information Technology says the country will expedite the elimination of outdated coking capacity and further supervise and control exports.
In the last three years of the 11th Five-Year Plan, 50 to 60 million tons of low efficient coking capacity will be scraped.
A quite number of coking producers will face the similar situation of mergers and acquisitions to the steel industry, which will lead to a massive closure of those who are lacking competitiveness, lower energy and raw material costs, and less resistance to mergers and acquisitions from local protectionism.
(CISA)
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