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China to soon unveil 2018 steel overcapacity cut plan

2018-04-03 15:01:35

KITCO

   Chinese newspaper 21st Century Business Herald reported the plan for excess capacity reduction in China's steel sector in 2018 is likely to be published in the near future by the country's top economic planner and the industry ministry.

 
    The paper said that the 2018 working plan includes tasks such as preventing the production resumption of low-grade steel products and promoting M&A in steel sector.