UTC+8 ( BJT)

China's MIIT unwavering in national steel output cut

ABSTRACT

China’s Ministry of Industry and Information Technology (MIIT) reiterated at a press conference on April 20 that the country's crude steel will be cut this year and it has been formulating execution plans, which, to some extent, cleared the mist in and out of China on whether steel output cut for 2021 is still on China's agenda.
At the press conference, Huang Libin, MIIT’s spokesman, stated that the ministry has been reviewing the results achieved in steel capacity elimination, and working on the steel production cuts, though he did not share any more details. Over January-March, China’s crude steel output soared by 15.6% on year to approximately 271 million tonnes, with the

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227