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NEWS
  • China may raise 2017 steel, coal capacity-cut targets by 10%: report

    Beijing may raise the targets for capacity cuts in the steel and coal sectors by 10% in 2017, 

    after both exceeded the goals set for this year, local media reported Friday. 


    Capacity  cuts, part  of  supply-side reforms being implemented by the central government, 

    would  also be extended to other industries including cement, glass, primary aluminum and 

    shipping,  the  Economic  Information  Daily, a  Xinhua publication, reported without citing a 

    source. 

    This  year's  targets  were  45  million  mt/year  and  250  million mt/year for steel and coal 

    respectively, and actual cuts have exceeded these figures. 


    In steel, about 74% of the 45 million mt/year comprised capacity had not been in productio

    n, which  partly  explains  why  output  had  risen  despite  the  cuts, the  Daily  reported in 

    November. 


    The official targets for 2017 are yet to be announced.

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