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11 Dec
10:07

Hebei signals another increase in capacity cuts

Hebei’s Development & Reform Commission and the national Economy and Information Commission have together published 2016 steel capacity cuts details. Capacity cuts are higher than previous published targets over January to October, Kallanish notes. According to the announcement on 9 December, the Chinese province has cut 16.24 million tonnes/year steel capacity and 17.61m t/y iron capacity in 2016. This far exceeds targets submitted to the State Counci…
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