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News

September 28, 2017

Central SOEs Beat Steel and Coal Capacity Cut Goals

Central SOEs Beat Steel and Coal Capacity Cut Goals

04:45 PM(GMT +8 latest company news about Central SOEs Beat Steel and Coal Capacity Cut Goals  0)
 
 

SHANGHAI, Sept. 28 (SMM) – Central state-owned enterprises (SOEs) have cut more steel and coal capacity than the central government has ordered last year and in January-August this year.

In 2016, steel and coal capacity cut by central SOEs took up 80% and 73%, respectively, of total cuts nationwide.

In January-August 2017, central SOEs slashed another 16.14 million tonnes of steel capacity and 55.10 million tonnes of coal capacity.

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