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Jiangsu achieves crude steel capacity cut target ahead of schedule

Under China's 13th Five-year Plan, Jiangsu was required to cut crude steel production capacity by 6.34 million mt/yr in 2017. So far, the province has achieved that target beforehand.

12-13-2017 16:28:55

NDRC: Coal capacity cuts to be attainable; coal price rally is unlikely

03-10-2017 17:08:14

NDRC: 2016 steel & coal capacity cut targets likely to be achieved beforehand

China steel and coal sectors are expected to complete their capacity cut goals in October and November respectively, Xu Kunlin, deputy secretary general with the National Development and Reform Commission (NDRC) said at a news briefing on October 25th.

10-25-2016 15:57:01

Cleaner, but not leaner: China steel mills defy capacity cutbacks

Chinese steel mills are becoming cleaner every month as Beijing pushes to curb its smoke-stack industries. But they’re not getting any leaner.

10-24-2016 14:34:53

Shanxi allocates CNY947.78 mln special fund to support six large coal firms' capacity cuts

The Shanxi Provincial Department of Finance allocated CNY947.78 million 2016 industrial enterprise restructuring special fund to six coal majors including Datong Coal Mine Group and Shanxi Coking Coal Group to support their overcapacity cut campaign the other day.

10-13-2016 14:08:21

Shenhua Group has completely achieved capacity cut plan for 2016

Year to date, Shenghua Group has shut down five coal mines.

09-14-2016 16:44:39

Guangdong sets a time schedule for steel overcapacity cuts in 2016

Guangdong province released a second list of steelmakers required to cut overcapacity on August 22nd after a list made earlier.

08-25-2016 17:41:04

NDRC: China's steel, coal capacity cuts shouldn't be left to year's end

Targets for capacity cuts in the steel and coal industries should be worked towards evenly over the rest of the year, and shouldn’t be left to the eleventh hour, an official at China’s top economic planner said.

08-23-2016 10:32:25

China has allocated CNY30.7 bln of its CNY100 bln fund for capacity cuts

China has distributed CNY30.7 billion to local governments and enterprises for capacity reduction, and oversight should be intensified over how the capital is used.

08-22-2016 14:55:18

Only 29% coal capacity cut target completed in H1

72.27 million mt/yr of coal production capacity was phased out in China’s 17 local regions and among relevant SOEs in the first half year, according to an on-site experience exchange meeting on coal sector overcapacity cut and development held on July 27th in Chongqing.

07-27-2016 11:31:21

China steel sector to reinforce overcapacity cut in H2

The overcapacity cut task in the Chinese steel sector will remain tough in the second half of 2016.

07-26-2016 14:28:31

How does CPP industry respond to capacity cut reform

The keynote of China domestic economy is to carry out the requirements from the 13th five-year plan in 2016. The country will further propel structural reform and economic development. China determined to deal with the excess manufacturing capacity.

07-25-2016 17:10:49

Hebei's decisive capacity cut is a miniature of China's economic transformation

Capacity cut has helped cemented Hebei’s confidence in economic transformation and is a miniature of a nationwide economic restructuring.

07-20-2016 17:06:11

China signals coal-capacity cut equal to 7.5% of output in 2015

China says it’s reining in coal production as the country tries to curb the pollution choking the nation’s cities and eliminate so-called “zombie” companies in the struggling industry.

06-27-2016 10:18:02

Hebei steel sector evolves during capacity cuts

During the 12th five-year period, Hebei province cut 33.91 million mt/yr of iron-making capacity and 41.06 million mt/yr of steel-making capacity, accounting for 37.26% and 43.31% of China’s total cuts of the two kinds of capacity.

06-17-2016 17:39:19

Coal prices expected to start an upswing amid strictest capacity cut policy

Coal producers in Inner Mongolia, Shaanxi and Shanxi are implementing the production limitation policy actively from May. Coal supply is to drop with undergoing “supply-side” reform and closures of coal mines, expected to boost coal prices continuously.

05-24-2016 09:12:08

Nine provinces set targets for coal production capacity cuts

Multiple provinces have successively released their coal production capacity cut goals, in response to the Opinions on Addressing Overcapacity in Coal Sector released by the State Council on February 5th 2016.

04-21-2016 15:53:07

A 100 mln mt/yr-plus steelmaking capacity cut may lead to series of problems

“Capacity reduction, destocking, deleveraging, cost cut and complementing shortages” is a pivotal in China’s economic work, especially in the steel sector.

02-19-2016 14:50:58

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