Hebei to eliminate 20 million tons of steel capacity
Post Date: 28 Apr 2009 Viewed: 952
Hu Chunhua, governor of Hebei Province, put forward development goals for the local steel industry at the 32nd executive meeting of the province: Control gross output, curb blind expansion, enhance percentage of hi-tech and high value added products, ensure an annual growth of 15 percent in the industry increment value, hold the percentage of the increment value against provincial GDP at 13 percent, and enhance the industry’s degree of centralization. By 2011 there will be no less than five large mills each with a capacity of over five million tons. The proportion of cold rolled and galvanized in sheet and strip line will add 10 percentage points, while that of narrow strip will reduce 10 percentage points; that of 400MPa high-strength rebar will amount to 70 percent. Domestic and international advanced facilities will account for more than 50 percent. 20 million tons of outdated capacity will be eliminated within three years. Comprehensive energy consumption will not exceed 615 kg of standard coal, new water consumption will be less than four cubic meters, and dust emissions less than 0.9 kg.