China government will reduce excessive steel
It is understood that China’s steel mills have faced a great challenge of steel overcapacity issue, the government has try to reduce over capacity by adopting the new policy, in order to improve the cost effectively in steel industry.
China continued to focus on the development of economy and technology, which would be led to steel capacity downturn. The over capacity would be improved further.
As the China’s policy, some of the uncompetitive mills will be eliminated in the future. And that will impact on steel output overall.
