China stops filing new steel projects

On January 23, the national development and Reform Commission and the Ministry of industry and information technology issued the notice on improving iron and steel capacity replacement and project filing. From January 24, no new iron and steel capacity replacement plan shall be publicized and announced, and no new iron and steel projects shall be filed. The main reason is that since 2016, according to the capacity replacement plan, all the steel capacity projects recorded, the crude steel output has been continuously high, the production efficiency of new smelting equipment is higher, and the existing steel project registration and capacityRead More →

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