In the 2017 Trans Union Metallurgy Chamber of Commerce, Zhang Zhixiang, the chairman, shows that the steel excess production capacity are allayed efficiently under the cut overcapacity background. The privately operated steel factories’ market profit raise largely and gradually in the direction of rationalization. The main cause is the continually advance of the national cut overcapacity and substandard steel.
It is said that the cut overcapacity Inter-Ministerial Joint Committee do the base supervise in May. There are about less than 20 days to finish the substandard steel clearness. And most of the troubleshoot work has been finished.
On the newest report, with the drive of high profits, the manufacture initiative in steel factory is very high. The national operation rate of blast furnace in steel factories shows the growing trend. And the operation rate of blast furnace maybe achieve the top in the short term.
Some experts shows a very important point. Although the new increase production inhibition is not the enterprise production escalate inhibition, the escalate must be got by reducing the production. Adding production and reducing quality is not allowed. People should not break the red line by purse the interests in short term.
China’s State Council has sent out inspection teams to various parts of the country to ensure that substandard steel, typically produced using induction furnaces, does not make a return amid the currently high profit margins in the steel market.
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