Supply-side Structural Reform Launched, Industry Ended Loss-making Cycle, China Baowu Established
2016 marks the official turning point of China’s steel industry from recession to standardized development. In response to the long-standing problems of severe overcapacity, vicious low-price competition, scattered backward production capacity and continuous industry-wide losses, the Chinese government officially launched the national supply-side structural reform targeting heavy industries. The state issued clear and rigid de-capacity […]