Research report on overcapacity reduction in China’s steel industry
Submitted by sheeja on Mon, 2017-02-13 14:32
Analysis commissioned by Greenpeace East Asia shows that, despite having met and exceeded ambitious capacity cut targets for 2016, China’s steel industry last year saw a net increase in operating capacity equivalent to more than twice the UK’s total capacity. An average 74% of cut capacity was already idle, while previously idle plants were restarted and more than offset cuts in operating capacity. With steel the largest polluting sector in northern China’s pollution-hit provinces, the increase in operating capacity will pose a major obstacle to the government’s “war on air pollution”.
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13/02/2017
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