Shougang bucking expansion of steel capacity untimely

Author: LMX May 20, Shougang Jing Tang Steel Joint Limited liability company into the national "Eleven-Five" plan outline key project-steel plant Project one stage one step project whole system will try to produce. On March 12, 2007, Shougang Beijing-Tangshan Iron and steel Joint limited liability company steel Plant Project design Annual output of iron 8.98 million tons, steel 9.7 million tons, steel 9.13 million tons, the whole phase of the project will be completed in 2010 into production. Among them, with an annual output of 4.85 million tons of steel production capacity of one phase of the whole system will be tested on May 20 this year. The Ministry of Industry and Information Technology has issued urgent notices to local governments, steel industry and traders, as well as large steel companies, to curb the rapid growth of the steel industry, especially the supply of surplus products.　　The circular calls for local governments to speed up the shutdown of backward production capacity and steel companies that have been blindly expanding their output to backward steelmakers, regardless of market demand, to reduce or stop lending. Highlights: Shougang current new steel production capacity will be tested in the near future, quite can arouse the concern of the industry. This in the current domestic steel production capacity of the situation, it seems a bit outdated. The domestic production of steel, a considerable part of the export to be digested, and since the financial crisis, China's steel exports have seen a marked decline-the first quarter of this year exports of steel 5.1367 million tons, fell 54.85%; export billet 2,100 tons, down 97.67%. At the same time, the Ministry of Industry has announced that is regarded as the "history" of the most vigorous administrative control measures, Shougang new capacity is some untimely, later increase production or "leisurely" point good.