China plans to suspend outdated steel volume
By Richard Fu |
April 12, 2013, Friday
|
Print Edition
Print Edition
CHINA plans to close 7.81 million tons of outdated annual steel making capacity this year, the Ministry of Industry and Information Technology said yesterday, as the government continues to consolidate an industry that's struggling with overcapacity and slowing demand.
The combined crude steel capacity in China, the world's largest producer, is believed to have exceeded 900 million tons per year, according to industry estimates. Crude steel output rose 3.1 percent to 717 million tons last year. The growth rate was sharply lower from that in 2011 and 2010 as the economy slowed.
In February, the ministry estimated that China's steel output may total 750 million tons this year.
The ministry also said yesterday that China will shut down 14.05 million tons of coking coal capacity and 1.73 million tons of ferroalloy capacity this year.
Meanwhile, there are also plans to close down 273,000 tons of aluminium, 665,000 tons of copper smelting, and 879,000 tons of lead smelting capacity this year.
The combined crude steel capacity in China, the world's largest producer, is believed to have exceeded 900 million tons per year, according to industry estimates. Crude steel output rose 3.1 percent to 717 million tons last year. The growth rate was sharply lower from that in 2011 and 2010 as the economy slowed.
In February, the ministry estimated that China's steel output may total 750 million tons this year.
The ministry also said yesterday that China will shut down 14.05 million tons of coking coal capacity and 1.73 million tons of ferroalloy capacity this year.
Meanwhile, there are also plans to close down 273,000 tons of aluminium, 665,000 tons of copper smelting, and 879,000 tons of lead smelting capacity this year.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
