Home Business Politics Life Culture��Edu Sci��Tech Sports Photos
��Search
China Observer
�� A glimpse at sweatshops in China
�� Shanghai the int'l metropolis is losing Chinese characteristics
�� China tries out new retirement modes
Photos
�� Nicole Kidman in Shanghai
�� National Water Lily Exhibition in Hangzhou
�� Quanzhou set up first emergency shelter
��Home>>Business
China moves to control oversupply in steel
www.chinanews.cn 2006-07-01 16:36:11
(Source: Xinhua)
July 1 - The Chinese government has announced new policies to counter the
serious problem of oversupply in the steel industry.
The new policies will result in the closure of factories with low
productivity and the scrapping of out-of-date equipment.
The National Development and Reform Commission (NDRC), the country's
industrial watchdog, on Friday made public a notice on controlling steel
output.
According to the notice, during the 11th five-year period (2006-2010),
the elimination of out-of-date iron-smelting equipment and factories in
China will reduce steel productivity by 100 million tons.
Before next year, the removal of redundant equipment will reduce
production by 55 million tons.
Statistics from the NDRC showed that of the total 420 million tons of
steel produced in China in 2004, about 100 million tons were made by
low-productivity blast furnaces, about 27 percent of the total output.
About 13 percent of the total output, about 55 million tons, was produced
by small converter and electric furnaces under 20 tons in weight.
All this equipment, which consumes a lot of energy and causes serious
pollution, will be scrapped under the new regulations.
The NDRC notice also revealed the restructuring of the country's major
steel-production bases. China plans to develop Caofeidian, an island 80
km south of Tangshan in Beijing's neighboring province of Hebei, into a
new major steel base.
By 2010, Beijing's leading steel maker Capital Iron and Steel Group Co.,
will be located there which will mean the steel giant, regarded as one of
Beijing's worst polluters, will end all production in the capital.
The NDRC said the relocation model of steel companies in Beijing will be
followed by other cities, in order to develop more new steel bases in
China in the future.
Some steel companies will also be regrouped into larger ones that are
capable of competing in the world market.
According to the notice, two or three 30-million-ton level steel
companies will be formed in China under the new adjustments, in addition
to a large number of large steel companies each capable of producing more
than 10 million tons of steels a year.
The NDRC is hoping that the total output of the country's top ten steel
makers will account for more than half of the national total output.
According to the NDRC, most of China's out-of-date steel and iron
equipment and factories are located in the country's northern and eastern
regions,and the provinces of Hebei and Shanxi in north China assembled
about 68.7 percent of China's low-productivity iron-smelting factories.
Sources with the NDRC said that by the end of May this year, 21 blast
furnaces with a total production capacity of 3.5 millions, and 12 small
converters with a total capacity of 2.6 million tons have been retired in
Hebei province.
Copyright� 2004 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
Disclaimer: viewpoints in the website do not represent China News Service
chinese language, learning chinese china, HSK, learn chinese writing, learn chinese characters, HSK Exam, chinese school, teach chinese, chinese schools, learn mandarin, learning mandarin, learning chinese, study in chinese, learn chinese abroad, learn chinese words, speak chinese, chinese studies, how to learn chinese, learn chinese china, learn chinese online, chinese language online, learn chinese in china, study chinese online, chinese language program, chinese language school, chinese language schools, chinese speaking, learn chinese, learn mandarin online, learn to write chinese, beijing chinese language school, chinese language china, chinese language classes, chinese language courses, chinese language learning, chinese language lessons, learn chinese language, learn to speak chinese, mandarin learn, study chinese, study chinese in china, studying chinese, china chinese in learning, chinese language class, chinese language exchange, chinese language in china, chinese language lesson, chinese language study, chinese language tutor, learn chinese beijing, learn chinese in beijing, learn chinese pinyin, learn to speak mandarin chinese, learning chinese online, learning the chinese language, mandarin learn online, study chinese china, studying chinese online
No comments:
Post a Comment