China’s Hebei discloses 2019 steel capacity cut list
Sep 03, 2019 16:00
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Hebei province in North China aims to eliminate 9.99 million tonnes/year of iron and steel capacity within 2019, provincial government officials confirmed on Tuesday, suggesting that the largest steel production province in China is on a steady path to curb its steel-related capacity.
The capacity reduction list, published last Thursday for public supervision, calls for 5.94 million t/y of ironmaking and 4.05 million t/y of steelmaking capacity to be permanently removed by end-December, Mysteel calculated.
It is the first batch of facilities identified for removal this year as Hebei intends to cut a total