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60% Steel & Iron Enterprise in China to be Closed by 2020

By 2020 steel production will be reduced to 200 million. Zhang Qingwei, a deputy to the national people's progress and governor of Hebei province said. It means that 60% steel and iron enterprise will be closed to integrate and Hebei provincial government has developed a detailed plan.

It is known to us that Hebei has a large capability of steel products, however, Hebei have to adjust its industrial structure in order to coordinate the development of Beijing-Tianjin-Hebei region. Hebei began to increase productivity and has gained both successful experience and good methods. Thers is no doubt that Hebei will gradually get rid of its single industrial pattern and present an air of prosperity in the future.

Zhang Qingwei said, the government of Hebei province has developed a “6643 project”, which means to decrease steel 60 million ton, cement 60 million ton, coal 40 million ton and glass 36 million ton. Though we still have a long way to go before Hebei can realize the reformation and innovation, we believe that a new Hebei embrace its bright future.

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