Metal & Oil & Gas News – Nctv.net
China’s biggest steelmaking province, Hebei, will close its eight remaining “zombie” steel mills in the next two years, Governor Zhang Qingwei said on Tuesday at a briefing on the sidelines of parliament’s annual meeting.
The province in the north of the country near the capital Beijing accounts for nearly a quarter of China’s total steel output and has pledged to cut steel capacity by 31.17 million tonnes by 2017 and by 49.13 million tonnes by 2020.
Source: Reuters
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