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China plans to shut down 60% of steel mills in Hebei province by 2020

  • Thursday, March 10, 2016
  • Source:ferro-alloys.com

  • Keywords:steel
[Fellow]It is reported that China's Hebei province has planned to shut down 60% of steel mills by 2020. This main reason is to cut steel overcapacity in China. The overcapacity has forced the steel to the lowest level in decades. Any new high-energy-consuming and h...

It is reported that China's Hebei province has planned to shut down 60% of steel mills by 2020. This main reason is to cut steel overcapacity in China. The overcapacity has forced the steel to the lowest level in decades.

Any new high-energy-consuming and highly polluting steel projects will not be allowed in Hebei. China would decrease crude steel capacity by 100 million to 150 million tons within the next five years. 

  • [Editor:Chen Zhen Seng]

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