Fastener Shanghai
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->China releases new steel capacity replacement poli...You are the 530909 visitors
Views:1143   |   recommendation:   |   Votes:0   |   Discuss:0
China releases new steel capacity replacement policy


The Ministry of Industry and Information Technology (MIIT) announced Monday a new policy to ensure zero growth of steel capacity in 2018.

The new policy forbids plants from increasing capacity.

In environmentally sensitive areas of the Beijing-Tianjin-Hebei region, the Yangtze River Delta and the Pearl River Delta, steel plants should remove at least 1.25 tons of outdated capacity for every 1 ton of new capacity.

Steel profits improved amid capacity cuts in 2017.

"In the January-November period last year, combined net profits in the ferrous metal smelting and rolling sector rose 180 percent year on year to about 314 billion yuan ($48 billion)," said a MIIT statement.

The steel sector must focus on quality and profits while cutting overcapacity, it said.

Source: Xinhua

2018/1/9 11:37:00

Previous:    More industrial overcapacity to be cut for high-quality economy in 2018
        Next:    German industrial orders decrease unexpectedly in November

Recent Related News
Despite rising costs, Taiwan's CSC cuts domestic steel prices--2018-12-04
Steel Prices Fall after Spiking to Record Highs--2018-11-29
Iron and steel sector gains strength--2018-11-06
Steel industry fortunes revive as product prices gain traction--2018-10-18
Hebei puts cap on steel capacity to fight pollution--2018-09-03
Steel sector makes headway in capacity reduction--2018-07-30
Specter Of Trade War After US tariffs On EU, Mexico, Canada--2018-06-04
China's steel prices recover on rising demand--2018-05-23
Lower steel price weighs upon steel plants Q1 profit--2018-05-03
EU extends anti-dumping duties on Chinese steel ropes, cables--2018-04-23
China's steel industry vows to rise to US challenges--2018-04-09
CSC to hike prices for Q2 deliveries as global steel supplies remain tight--2018-03-22

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener5fastener

Fastener Trade Show Suzhou


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

•M-Tech Tokyo, Feb 6-8, 2019, Tokyo, Japan

•WIN EurAsia, Mar 14-17, 2019, Istanbul, Turkey

•Fastener Fair Stuttgart, Mar 19-21, 2019, Stuttgart, Germany



Show Room



Offer Product

Latest News
• China's auto sales continue to fall in November

• China's industrial robot output up 8.7 pct in Jan-Oct

Buyers' Guide
Company News

• YuYao No. 2 Standard Fastener/YuYao Biaoer: A Reliable Partner For Eyebolts

• Shanghai Fast-Fix: To Be the Preferred Supplier of Fastening Solutions to Automotive Industry Worldwide

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener