On January 14, 2019, the second session of the 13th People’s Congress of Hebei Province opened at Shijiazhuang city. It is learned that Zhangjiakou city and Langfang city will clear out steel capacity in 2019, following with Baoding city (the first city without steel capacity in Hebei province).
Xu Qin, the governor of Hebei province pointed out at the meeting that the province reduced steel capacity of 12.3 million tons and coal capacity of 14.01 million tons in 2018. All zombie steel enterprises have been cleared out.
This year, Hebei province will continue to address steel overcapacity. It plans to further cut steel capacity of 14 million tons and coal capacity of 10 million tons. Steel capacity in Zhangjiakou city and Langfang city will be eliminated.
(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932) |