Cut in output in 6 sectors to continue
By Richard Fu |
January 28, 2011, Friday
|
Print Edition
Print Edition
CHINA will continue to reduce obsolete capacity in the steel and other energy-intensive industries after meeting targets in the past year, the Ministry of Industry and Information Technology said yesterday.
Output growth in the six energy-intensive and pollution-plagued sectors, including steel and petrochemical, fell to 13.5 percent in 2010 from 19.6 percent in the first quarter last year as the government curbs expansion in these sectors.
The energy consumption per unit of production for major industrial companies is also expected to fall by over 6 percent last year, meeting the 2006-2010 target, the ministry said.
China's crude steel output rose 9.3 percent to an all-time high of 627 million tons last year while its capacity exceeded 700 million tons, Zhu Hongren, a spokesman for the ministry, said at a briefing.
"The capacity of cement also far exceeded actual production," Zhu said, adding the government will phase out outdated capacity and prevent runaway expansion.
China has made progress in consolidating its steel industry through mergers and acquisitions. The top 10 steel makers raised their combined contribution to the nation's total crude steel output to 48.1 percent last year from 44.5 percent in 2009, according to the ministry. Industry sources said the government aims to raise this to 60 percent by 2015 under the sector's five-year plan.
Earlier this week, the ministry also announced tightened rules for the polysilicon industry when it said new plants must have a minimum annual output of 3,000 tons and meet certain efficiency, environmental and financial standards. Existing plans have to meet certain power-consumption requirements by the end of the year; otherwise they will be shut down.
Output growth in the six energy-intensive and pollution-plagued sectors, including steel and petrochemical, fell to 13.5 percent in 2010 from 19.6 percent in the first quarter last year as the government curbs expansion in these sectors.
The energy consumption per unit of production for major industrial companies is also expected to fall by over 6 percent last year, meeting the 2006-2010 target, the ministry said.
China's crude steel output rose 9.3 percent to an all-time high of 627 million tons last year while its capacity exceeded 700 million tons, Zhu Hongren, a spokesman for the ministry, said at a briefing.
"The capacity of cement also far exceeded actual production," Zhu said, adding the government will phase out outdated capacity and prevent runaway expansion.
China has made progress in consolidating its steel industry through mergers and acquisitions. The top 10 steel makers raised their combined contribution to the nation's total crude steel output to 48.1 percent last year from 44.5 percent in 2009, according to the ministry. Industry sources said the government aims to raise this to 60 percent by 2015 under the sector's five-year plan.
Earlier this week, the ministry also announced tightened rules for the polysilicon industry when it said new plants must have a minimum annual output of 3,000 tons and meet certain efficiency, environmental and financial standards. Existing plans have to meet certain power-consumption requirements by the end of the year; otherwise they will be shut down.
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