Text: | Print|

Steel industry faces difficulty

2014-04-24 10:41 Global Times Web Editor: qindexing
1

China's steel industry is confronted with serious overcapacity, sluggish demand, declining profits and stricter environment standards, an official said Wednesday.

To tackle the problems, the Ministry of Industry and Information Technology (MIIT) has rolled out a batch of measures, including curbing newly added capacity and pushing industrial consolidation, said Feng Fei, a director with the MIIT.

The country aims to cut outdated steel production capacity by a total of 27 million tons this year, Feng said.

Comments (0)
Most popular in 24h
  Archived Content
Media partners:

Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.