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China may raise 2017 steel capacity-cut targets by 10% - The 18th China(Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
1/4/2017 -steel tube expo-tube &pipe expo |
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Platts reported that China may raise the targets for capacity cuts in the steel and coal sectors by 10% in 2017, after both exceeded the goals set for this year, local media reported.
Capacity cuts, part of supply-side reforms being implemented by the central government, would also be extended to other industries including cement, glass, primary aluminum and shipping, the Economic Information Daily, a Xinhua publication, reported without citing a source.
This year’s targets were 45 million tonnes and 250 million tonnes for steel and coal respectively, and actual cuts have exceeded these figures. In steel, about 74% of the 45 million comprised capacity had not been in production, which partly explains why output had risen despite the cuts
- The 18th China(Guangzhou ) Int’l tube
& pipe Processing Equipment Exhibition
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