国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Steel industry to focus on high quality products

By YANG ZIMAN | chinadaily.com.cn | Updated: 2016-11-14 16:06

Steel industry to focus on high quality products

A worker at a steel factory in Dalian, Northeast China's Liaoning province, August 10, 2016. [Photo/VCG]

Foreign companies will be encouraged to participate in the reorganization of Chinese steel companies, under a plan to cut crude steel production released by the Ministry of Industry and Information Technology.

The development of iron and steel (2016-20) plan, released Monday, states that Chinese steel companies must be further internationalized through equity sharing and holding, to improve product quality and management.

Chinese steel companies will be encouraged to build production and processing bases in key markets for the Belt and Road Initiative that have good natural resources and market potential, and are also home to high-speed train and power projects.

Foreign companies are invited to join China to undertake projects in countries along the belt and road.

Under the plan, the amount of crude steel capacity in China is to be cut by up to 150 million tons, to less than one billion tons by 2020, as demand for the product drops.

Any project that aims to expand steel production capacity will be banned.

Xin Guobin, vice minister of the Ministry of Industry and Information Technology, said that the steel industry must adopt intelligent manufacturing to reform itself.

"We have overcapacity in low-end products while the high quality products are still lacking. The Chinese economy needs more sophisticated steel products for more technology-oriented industrial development," said Xin.

The domestic consumption of crude steel is expected to be 650-700 million tons by 2020, less than the estimated output of 750-800 million tons.

The plan also requires energy consumption in the steel industry to be reduced by more than 10 percent while major pollutants must be cut by more than 15 percent.

The biggest 10 steel companies are predicted to make up about 60 percent of the industry by 2020, up from the current 34 percent.

The number of steel companies is to be reduced as efforts are concentrated on building high-quality steel bases in Zhenjiang Port (Guangzhou) and Fangchenggang Port (Guangxi Zhuang autonomous region).

Companies with high ratio of liabilities to assets must prioritize debt reduction.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
太原市| 邛崃市| 大关县| 喀喇| 任丘市| 滦南县| 富川| 甘肃省| 色达县| 湖南省| 新干县| 化德县| 莫力| 荥经县| 兖州市| 太和县| 庄河市| 夏河县| 桃江县| 天长市| 徐州市| 舟山市| 新闻| 聂拉木县| 大悟县| 五寨县| 洪湖市| 晋州市| 电白县| 大兴区| 潢川县| 托里县| 南汇区| 临澧县| 会宁县| 栾川县| 苏尼特左旗| 穆棱市| 衡阳市| 静宁县| 尚义县|