SOURCE / ECONOMY
North China's Hebei reduces steel production capacity from 320 million tons to less than 200 million tons
Published: Jun 16, 2021 03:03 PM
A worker rushes to finish orders for special steel products at a factory of China Baowu Steel Group's specialty steel subsidiary in Maanshan, East China's Anhui Province on Sunday. The company aims to achieve breakthroughs in core technologies this year, with its customized rail transit parts accounting for over 60 percent of the domestic market. Photo: cnsphoto

A worker rushes to finish orders for special steel products at a factory of China Baowu Steel Group's specialty steel subsidiary in Maanshan, East China's Anhui Province on Sunday. The company aims to achieve breakthroughs in core technologies this year, with its customized rail transit parts accounting for over 60 percent of the domestic market. Photo: cnsphoto



North China's Hebei Province has continued to reduce excess capacity with the number of steel production enterprises reduced from 107 to 68, and steel production capacity has been reduced from a peak of 320 million tons to less than 200 million tons, Hebei Daily reported on Wednesday. 

Hebei Province has continued to cut overcapacity, committing to seeing through  structural adjustment across six major industries of steel, coal, cement, flat glass, coke, and thermal power, which overfulfilled the goal for cutting overcapacity the 13th Five-Year Plan period.

The province is on track to achieve its goal of withdrawing iron and steel production from the city and relocating 150,700 workers with a resettlement rate of 100 percent, according to media reports. 

Tangshan, the world's largest steel-producing city in Hebei, has implemented total volume controls on a pilot basis in the steel industry and gradually extended those controls to coking, cement, power and the foundry industry in March, aiming to reduce emissions, including carbon emissions, by more than 40 percent from 2020 levels.

Global Times
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