Steel Capacity articles & resources on Made-in-China.com

China Promises Further Cuts to Steel Capacity

Mar 6, 2017

Numerical targets to reduce coal and steel production capacity have, for the first time, been set in the annual Chinese government work report. China will reduce steel production capacity this year by around 50 million metric tons and ...

Tags: Steel Capacity, Coal

China Steel, Coal Capacity Cut Target Achieved

Nov 25, 2016

China has "basically" achieved this year's steel and coal capacity reduction goals, according to a State Council statement. A statement released after a State Council executive meeting presided over by Premier Li Keqiang spoke highly of ...

Tags: steel, coal capacity

China Set to Hit Steel, Coal Capacity-Cut Targets Early

Oct 31, 2016

China will hopefully achieve its annual steel and coal capacity reduction goals ahead of schedule this year, the country's top economic planner said on Tuesday, as local authorities have intensified efforts in recent months due to pressure ...

Tags: Steel, Coal Capacity-Cut Targets

Steel Prices in China Rise Mildly

Oct 12, 2016

Steel prices in China, the world's biggest steel producer and consumer, rose mildly last week as market sentiment improved slightly but demand remained subdued, latest industry data showed. China's steel industry has long been plagued by ...

Tags: Steel

Steel Companies Swing Back to Profit

Sep 16, 2016

China's steel industry improved its profitability in the first seven months, due to rising steel prices, an industry insider said Saturday. Although sales revenues of 373 steel companies fell 11.91 percent to 1.5 trillion yuan (225 ...

Tags: Steel Companies, steel industry

China Makes Headway in Steel Capacity Cut

Aug 11, 2016

Efforts to reduce China's steel production overcapacity are forging ahead according to plan, the top economic planner said Wednesday. In a medium-term roundup of the drive, the National Development and Reform Commission (NDRC) said, in an ...

Tags: steel production, overcapacity

Chinese Steel Exports to Decline to 70-80 Mln Tons: Fitch

Dec 24, 2015

Rating agency Fitch predicts that China's annual steel exports are likely to fall to 70 to 80 million tons in the long term. Official data shows in 2014, China's steel exports reached 94 million tons. However, more steel production ...

Tags: Chinese Steel, Exports

Govt Is Supposed to Support China's Steel Industry

Mar 9, 2015

Chinese steelmakers are facing more headwinds this year as economic growth slows and need government support to tackle long-term overcapacity, the chairman of Anshan Iron & Steel Group said. China's steel sector has been struggling with ...

Tags: Steel, Metallurgy, Mineral

Chinese Steelmakers Eyes on Overseas Markets

Nov 10, 2014

Although dwindling domestic demand and excess capacity have shrunk profit margins for most Chinese steelmakers, it has inspired some to tap overseas markets for sustained, long-term growth. Hebei Iron &Steel Co, China's second-largest ...

Tags: Chinese Steelmakers, Iron, Steel

Indian Industry Body Suggests The Imposition of a 30 Percent Export Duty

Jun 16, 2014

On June 13, the Indian industry body ASSOCHAM called on the Indian Minister for Commerce and Industry Nirmala Sitharaman and submitted a memorandum, strongly suggesting the imposition of a 30 percent export duty on iron ore pellets in the ...

Tags: Iron Ore Pellets, steel capacity

China Will Close Down 15m Mt/Year Outdated Iron-Making Capacity Before The End of 2015

May 30, 2014

China will close down 15 million mt/year outdated steel production capacity and 15 million mt/year outdated iron-making capacity before the end of 2015 in addition to capacities already specified for closure during the 12th Five Year Plan ...

Tags: Outdated Steel, steel production

Arcelormittal South Africa Reports a Net Profit of ZAR 322 Million

May 12, 2014

Africa's largest steel producer, ArcelorMittal South Africa, has announced its financial results for the first quarter of the current year, reporting a net profit of ZAR 322 million ($31.1 million), compared to a net loss of ZAR 275 million ...

Tags: steel producer, ArcelorMittal

China Raised Its Target to Close Outdated Steel Smelting Capacity to 28.7m Tons in 2014

May 10, 2014

China has raised its target to close outdated steel smelting capacity to 28.7 million tons in 2014, the industry ministry said on Thursday, as it tries to rein in inefficient and polluting industries. The figure is above the 27 million ...

Tags: Steel Capacity, Iron Steel

Chinese Steel Mills Consume up to 5 Kg of Ferrosilicon to Produce 1 Mt Crude Steel

Apr 10, 2014

While the Chinese government has committed to eliminating 80 million mt/year of steel capacity nationwide by 2017, the reduction will be gradual which will see demand for raw material ferrosilicon remain steady in 2014 as compared with ...

Tags: Steel Output, Ferrosilicon

Crude Steel Production Was 125 Million Mt in February,up by Just 0.6%

Mar 24, 2014

Crude steel production by the 65 countries reporting to the World Steel Association was 125 million mt in February, up by just 0.6% on the same month last year. Compared with January 2014, February's average daily production of 4.46 ...

Tags: Crude Steel, Crude steel production, steel

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