The Ministry of industry and information technolog
2022-10-02- Detail
Ministry of industry and information technology: China will also reduce its steel production capacity by 75million tons in the next four years
on February 17, Xu Lejiang, Vice Minister of the Ministry of industry and information technology, made it clear at the press conference of the state information office that China will further reduce its steel and iron production capacity by 140 million tons during the 13th Five Year Plan period (in), which is more clear than the goal of 150 million tons of Anyang, a big city, proposed at the beginning of 2016
the de gauge distance was at least 50mm, and a total of 65million tons of steel production capacity was reduced across the country. Based on the target of 140million tons during the 13th Five Year Plan period, China will reduce 75million tons of steel production capacity in the next four years
Xu Lejiang also revealed that China's steel price index rose from 56.37 points at the beginning of the year to 99.51 points at the end of the year in 2016. At the same time, the profit of steel enterprises increased by 2.02 times year-on-year, the loss of loss-making enterprises decreased by 51% compared with 2015, and the employee income of some enterprises also showed a restorative growth
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