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ground-steel-exit-history-only-100-days-in-china

In accordance with the targets set by the National Development and Reform Commission, the "ground steel" left its final history of leaving the last 100 days. On January 10 this year, the China Iron and Steel Association's 2017 council, Lin Nianxiu, deputy director of the National Development and Reform Commission said: "By June 30 this year, it is necessary to thoroughly eliminate" lap steel "and other backward production capacity. This is a resolutely completed political Mission! "Lin Nianxiu also pointed out that the use of 10-year time points" two stages, three-step "to achieve the dream of a steel power. One of the first phase of the first step is to strive to complete five years to resolve the task within three years by 2018 basically completed the task of going to capacity.
Li Xinchuang, dean of the Institute of Metallurgical Industry Planning, said: "In fact, the key to capacity-building is in determination and determination. We must resolutely, thoroughly and unceremoniously eliminate the intermediate-frequency furnaces, These enterprises not only do not meet the quality, environmental protection, technology and other standards, seriously endanger the quality and safety of construction, but most do not invoice, fake quality products, production and sales without a license, seriously disrupting the market order, To severely squeeze the market of legal compliance enterprises must be resolutely eradicated. "
One industry insider said that at present China's "ground steel" involves production capacity of about 100 million tons to 150 million tons. If all can be cleared before June 30 this year, it will effectively affect the overall supply pattern of the industry. At the same time, Help to push up steel prices.On March 11, Miao Wei, minister of the Ministry of Industry and Information Technology, responded at a press conference in the press center of the "two sessions" of the Piedatia that the objective of reducing excess steel production capacity of about 50 million tons this year does not include the "ground steel". This means that the task of resolving steel production capacity in 2017 will become more difficult.
According to the mission goal put forward by Premier Li Keqiang on March 5 this year in the "Report on the Work of the Government," this year it is necessary to further reduce the iron and steel production capacity by 50 million tons this year. However, the State Council's goal of de-capacitying previously set for the steel industry is to completely complete 100 million tons to 150 million tons by 2018. Coupled with the "strip steel" capacity that will be completely annihilated in the first half of 2017, this means that the actual amount of steel capacity China can actually resolve will exceed 200 million tons.
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