Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (5630)	12/15/2005 9:25:13 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Iron Smelting Capacity to be Cut by 100m Tons 2005-12-15 15:07:31 CRIENGLISH.com BEIJING - China plans to eliminate 100 million tons/year in backward iron smelting capacities and 55 million tons/year in backward steel smelting capacities in the 11th Five-Year Program period (2006-2010) to control annual steel production capacity at about 400 million tons, according to the National Development and Reform Commission (NDRC). The NDRC Industry Department has put forward a circular on controlling aggregate capacity, eliminating backward capacities and speeding up industrial restructuring of the steel industry. Specific macro control measures for the industry are to be developed. The main measures mainly include controlling aggregate production capacity, eliminating backward production capacities, supporting technological renovation and innovation, encouraging mergers and acquisitions of steel enterprises, strengthening industry self-disciplines, and striving for steady progress. (Source: Asia Pulse) en.chinabroadcast.cn@36794.htm