SHIJIAZHUANG - Hebei province, China's leading producer of iron and steel, will continue with huge overcapacity cuts in 2020 amid an ongoing industrial upgrading, its governor Xu Qin announced Tuesday.The province plans to cut production capacity of steel and iron by 14 million tons this year, Xu said when delivering a government work report at the opening of the local legislative session.To fight overcapacity, Hebei will also cut capacity of coal by 6 million tons, carbon coke by 2 million tons and coal-fired power supply by 500,000 kW, he said.Hebei and several other regions around Beiji...
发布时间:
2020
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BEIJING - China's chemical industry registered steady expansion in the first 11 months of 2019, official data showed.The industry's value-added output rose 4.5 percent year-on-year, 0.8 percentage points faster than the same period of 2018, according to the National Development and Reform Commission.The output of major products expanded during the period, with crude oil processing capacity increasing 6.7 percent year-on-year to 593.18 million tons, while the output of chemical fiber climbed 13.5 percent to 54.93 million tons, data from the National Bureau of Statistics showed.In Novemb...
发布时间:
2020
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China's steel industry is entering a new development phase of slower output growth but higher quality, industry experts said.Latest data from the Ministry of Industry and Information Technology showed China's crude steel output reached 904 million metric tons over the January-November period, increasing 7 percent year-on-year－nearly 3 percentage points lower than the year-on-year crude steel output growth rate for the first half of 2019, which stood at 9.9 percent.The China Metallurgical Industry Planning and Research Institute predicted in a recent report that both China's crude s...
发布时间:
2019
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