China cuts production of iron, steel capacity by 18 mn tonnes
China, the world's top steel maker, closed down 18.4 million tonnes of outmoded iron and steel production capacity in the first half of the year in an effort to reduce energy consumption and greenhouse gas emissions, the country's top planning bod...
By PTI |
DALIAN: China, the world's top steel maker, closed down 18.4 million tonnes of outmoded iron and steel production capacity in the first half of the year in an effort to reduce energy consumption and greenhouse gas emissions, the country's top planning body has said.
The shutdown included 9.7 million tonnes of iron and 8.7 million tonnes of steel capacity in Beijing and nine provinces such as Hebei, Shanxi, Shaanxi and Liaoning, the National Development and Reform Commission said.
The 10 major steel producing regions promised in April that 22.6 million tonnes of iron capacity and 24.2 million tonnes of steel capacity would be eliminated for the whole of 2007.
China plans to phase out 100 million tonnes of out-of-date iron capacity and 55 million tonnes of steel capacity by 2010 as the country's steel makers consume a lot of energy and cause pollution.
The plan is expected to save 50 million tonnes of coal and 100 million tonnes of water and reduce 400,000 tonnes of sulphur dioxide emissions annually.
Last year, China maintained its position as the world's largest steel producer for the 11th consecutive year. Its output, at 420 million tonnes, accounts for 34 per cent of the world's total.
It is estimated that the country's steel output will reach 500 million tonnes this year.
The shutdown included 9.7 million tonnes of iron and 8.7 million tonnes of steel capacity in Beijing and nine provinces such as Hebei, Shanxi, Shaanxi and Liaoning, the National Development and Reform Commission said.
The 10 major steel producing regions promised in April that 22.6 million tonnes of iron capacity and 24.2 million tonnes of steel capacity would be eliminated for the whole of 2007.
China plans to phase out 100 million tonnes of out-of-date iron capacity and 55 million tonnes of steel capacity by 2010 as the country's steel makers consume a lot of energy and cause pollution.
The plan is expected to save 50 million tonnes of coal and 100 million tonnes of water and reduce 400,000 tonnes of sulphur dioxide emissions annually.
Last year, China maintained its position as the world's largest steel producer for the 11th consecutive year. Its output, at 420 million tonnes, accounts for 34 per cent of the world's total.
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It is estimated that the country's steel output will reach 500 million tonnes this year.
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