Home » Business » Manufacturing
More steel and cement plants set to shut down
Print Edition
CHINA will close more steel and cement plants this year than originally planned to deal with oversupply in capacity, the Ministry of Industry and Information Technology said yesterday.
This year will see the elimination of 28.7 million tons of annual steel capacity and 50.5 million tons of cement capacity, the ministry said in a statement yesterday. Premier Li Keqiang said in his government report earlier this year that the government had originally targeted 27 million tons of steel and 42 million tons of cement to be terminated.
China’s crude steel output rose to a record high of 779 million tons last year.
The government has been phasing out old and inefficient capacity in its industrial sector to revamp its growth model and to fight pollution. The ministry also said 420,000 tons of annual aluminum capacity and 115,000 tons in lead smelting will be eliminated this year.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
