Sponsored by China Mining Association (CMA)
About Chinese Contribution
 
   
   

Home >> News >> Headlines

More steel, cement plants will be closed due to overcapacity

(Shanghai Daily)
Updated: 2014-05-09 10:34
Counter:

    China will close more steel and cement plants this year than originally planned to deal with overcapacity, the industry ministry said.
   
    The nation decided to eliminate 28.7 million tons of annual steel capacity and 50.5 million tons of cement capacity this year, the Ministry of Industry and Information Technology said in a statement today.
   
    That compared with an initial target of 27 million tons for steel and 42 million tons for cement as outlined by Premier Li Keqiang in his government report earlier this year.
   
    The country's crude steel output rose to a record high of 779 million tons last year.
   
    China has been phasing out old and inefficient capacity in its industrial sector as part of efforts to revamp its growth model and fight pollution.
   
    The ministry also said 420,000 tons of annual aluminum capacity and 115,000 tons of lead smelting will be eliminated this year.
 

Comment: Name ValidCode View Comment
     
  Copyright 2001-2010. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Mining Association (CMA). Without written authorization from CMA, such content shall not be republished or used in any form.
If you have any suggestion or opinion, please contact us: (8610) 66557688 or
english@chinamining.org
Note: Browsers with 1024*768 or higher resolution is suggested for this site. Mail Server