Overcapacity Reduction Completed Ahead of Schedule, Full-scale Steel Price Bull Market, Industry Fully Profitable
2017 became the first full profit year for China’s steel industry after years of industrial downturn. The national steel de-capacity task was successfully completed one year ahead of schedule. In this single year, China eliminated more than 50 million tons of high-pollution, low-efficiency backward steel capacity, far exceeding the annual scheduled target. The thorough clearance […]