ASIA COPPER WEEK 2017: Deleveraging a key focus for China’s metals industry in 2018 – executives

The Chinese economy including the metals industry is highly focused on deleveraging going into next year, which should see more capacity cuts among unprofitable smelters, senior executives told delegates at Metal Bulletin’s 13th Asia Copper Conference in Shanghai, China.

“Deleveraging is a trend for next year - we are going to have a winding path but the direction is very clear,” Xiaobing Li, general manager of China Ordins Group Co Ltd, said on Wednesday November 29. The reduction of company debts will continue to remove “unreasonable and inefficient capacities” in the ferrous market and to a lesser extent, the non-ferrous sector, he told delegates. Chinese...

Published

Perrine Faye

November 30, 2017

07:46 GMT

Shanghai