Miao Wei, minister of industry and information technology, said on a press conference held on the January 29 that China overfulfilled the target of reducing 30 million tons of steel overcapacity in 2018.
By the end of 2018, China has completed the steel capacity reduction target of 140 million tons to 150 million tons set in the 13th five-year plan ahead of schedule. However, there are still some provinces that have not achieved their capacity reduction target, which is about 20 million tons.
(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932) |