North Chinese province to cut 14m tons of iron and steel capacity in 2019

Time:2019-01-16 09:16:48      Source: chinadaily.com.cn
A worker oversees production at a plant of HBIS Group Hansteel Co in Handan in North China's Hebei province. 
 
Hebei province, China's main iron and steel production base, plans to cut its capacity by 14 million tons this year, its governor announced Monday.
 
Xu Qin made the announcement Monday when delivering a government work report at the opening of the local legislative session.
 
Among its prefectural cities, Zhangjiakou, where the Winter Olympics will be held in 2022, and Langfang, which neighbors Beijing, will phase out iron and steel industry this year, Xu said in the report.
 
Other efforts to fight overcapacity this year include cutting capacity of coal by 10 million tons, cement by 1 million tons, carbon coke by 3 million tons and coal-fired power supply by 500,000 kW, he said.
 
Hebei and several other regions around Beijing are home to major steelmakers, coal mines and chemical plants. They are at the forefront of the country's fight against air pollution.
 
According to the report, Hebei cut production capacity of steel by 12.3 million tons, coal by 14 million tons and cement by 3.13 million tons in 2018, which not only contributed to the national target to seek a high-quality economic growth but also helped improve air quality.
Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-16
Shuozhou 5200 435 0 FOR 06-16
Ordos 5500 415 0 ex-mine 06-16
Yulin 6200 535 0 ex-mine 06-16
Liulin Low-sulphur 560 -10 ex-mine 06-16
Gujiao Low-sulphur 1095 0 FOR 06-16
Xingtai Low-sulphur 1210 0 ex-Factory 06-16
Yangquan PCI 770 0 FOR 06-16
Index RMB/t WoW WoW% Date
中国煤炭市场��?