Hebei province to cut 14 million tpy of steel capacity in 2020

China’s Hebei province, the country’s largest steel production hub, will reduce steel capacity by 14 million tonnes per year in 2020 as part of efforts to transform and upgrade the industry, according to a report from state-owned news agency Xinhua on Tuesday January 7.

The plan, which is aimed at cutting overcapacity and reducing emissions, will not cause a significant drop in production nationwide,...

Published

Jessica Zong

January 08, 2020

12:13 GMT

Shanghai