Industry News

China vows to further cut outdated coal, steel capacity

Views : 389
Update time : 2020-06-19 21:43:10

China will continue to reduce its outdated production capacity of coal and steel this year, the country's top economic planner said Thursday.

The country will push supply-side structural reform in the steel sector, accelerate the cuts in overcapacity and encourage the green and innovative development of the sector, the National Development and Reform Commission said in an online statement.

Coal mines that do not meet the country's safety and environmental standards should be cleaned up, while inefficient production capacity will also be cut, the statement said.

The total number of coal mines should be reduced to no more than 5,000, while production by large-scale coal mines should account for some 96 percent of the country's total output, the NDRC said in a separate statement.

China aims to improve its energy structure to make it greener and more efficient. Information technologies are encouraged to be used in coal mines to further enhance safety and efficiency, the commission said.

Related News
Read More >>
China’s iron ore imports expected to reach 1.24 billion tons in 2025 China’s iron ore imports expected to reach 1.24 billion tons in 2025
Dec .10.2025
China’s iron ore imports expected to reach 1.24 billion tons in 2025
POSCO launches fully owned logistics unit in Vietnam to strengthen stainless steel supply POSCO launches fully owned logistics unit in Vietnam to strengthen stainless steel supply
Dec .10.2025
POSCO launches fully owned logistics unit in Vietnam to strengthen stainless steel supply
Japan’s JFE BS chooses Danieli for Q-One Digimelter upgrade for long products manufacturing Japan’s JFE BS chooses Danieli for Q-One Digimelter upgrade for long products manufacturing
Dec .10.2025
Japan’s JFE BS chooses Danieli for Q-One Digimelter upgrade for long products manufacturing
India's certification policy impacts China's stainless steel exports India's certification policy impacts China's stainless steel exports
Dec .10.2025
India's certification policy impacts China's stainless steel exports