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Ministry of Industry and Information Technology: The utilization rate of steel production capacity in the first quarter returned to a reasonable range of 80%
2018 05 07
The State Council Information Office will hold a press conference at the Press Office of the Information Office of the State Council at 10:00 am on April 25, 2018 (Wednesday), 2018. Huang Libin, spokesperson of the Ministry of Industry and Information Technology, stated that he persisted in using market-based and legalized methods to resolve the matter. Overcapacity, reduction of steel production capacity by 30 million tons this year, and the relocation of hazardous chemical production enterprises accelerated, and the elimination of overcapacity in industries such as cement, flat glass, and electrolytic aluminum has steadily progressed. The effectiveness of capacity reduction is to continue to consolidate. In the first quarter, the comprehensive utilization rate of the iron and steel industry recovered to a reasonable range of around 80%. In addition, the Ministry of Industry and Information Technology also said that the total profits of the steel industry in the first two months increased by 83.6% year-on-year respectively.
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