Tag: China capacity cuts
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How Much Steel Capacity Cuts is China Likely to Follow in 2018?
In an attempt to control overcapacity and to have clearer skies, the Chinese government announced its massive restructuring plan for the country’s steel sector in 2016. This plan involved steel capacity cuts of 100-150 MnT by 2020. China’s steel capacity cuts Now according to country’s official numbers, China was successful in eliminating steel overcapacity of…