China to scrap 72 million tons pig iron capacity in three years

 Progress has been made in eliminating outdated capacity in China, according to the NDRC. The country should scrap blast furnaces with a size of 300-cubic-meter or below as well as converters and electric furnaces with a size of 20-ton or below on schedule. By 2011, it will have eliminated 72 million tons of out-fashioned pig iron capacity and 25 million tons of steel capacity. Four measures are mentioned to facilitate these goals: Revise and improve industrial policies; set up withdrawal mechanism for backward capacity; promote technical updates among steelmakers; and strengthen efforts in supervision and inspection.