China says to step up efforts to further slash steel and coal overcapacity this year

Chinese authorities said the country will press ahead with the efforts to cut excess capacity in key areas, including coal and steel sectors, this year, according to the official Xinhua news agency. In 2019, the government will focus on structural capacity cuts and promote the systematic improvement of production capacity, it quoted a circular jointly […]

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China says to cut steel capacity by 30 million tonnes, coal by 150 million tonnes in 2018

China will cut ineffective steel capacity of 30 million tonnes and coal capacity of 150 million tonnes in 2018, according to a government work report available to media before the annual parliamentary session, the official Xinhua news agency said. The announcement comes amidst a move by the United States to impose higher import tariffs on […]

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China says plans to meet steel overcapacity reduction target early, but worried over risk of rising output

China aims to meet its target for reducing steel production capacity two years earlier than planned, the industry ministry said in a statement, as the world’s top steel producer ramps up its years-long push to reduce excess output, Chinese media reported. The original plan called for reducing 150 million tons of steel production capacity by […]

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China says central state-owned companies achieved 2017 steel, coal capacity cut goals

China’s centrally administered state-owned enterprises (SOEs) achieved their annual steel and coal capacity reduction goals in 2017, the official Xinhua news agency quoted the SOE watchdog as saying. Last year, central SOEs eliminated steel production capacity by 5.95 million tonnes and coal capacity by 27.03 million tonnes, both beating annual target, said Shen Ying, chief […]

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China says makes better-than-expected progress in overcapacity cuts in steel, coal

China has made better-than-expected progress in cutting overcapacity in the steel and coal sectors amid government efforts to push economic restructuring, the official Xinhua news agency said. In Hebei Province, where the task in cutting overcapacity is tough, 15.72 million tons of steel production capacity and 14.08 million tonnes of iron were cut in the […]

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