At present, the steel production capacity has entered the year-end sprint work stage. Development and Reform Commission in the 25 conference, said in 2016 the country's excess capacity out of the task of iron and steel is expected to be completed ahead of schedule. As of the end of September, iron and steel, coal, two industries have completed production capacity of the annual target of more than 80% of the task.
Development and Reform Commission said that since July this year, the resumption of coal demand growth stage. China's coal demand in 2020 is expected to 4.1 billion tons, production capacity of about 4.6 billion tons, the situation is greater than the demand will not change.
Ministry of Industry and officials had previously said that the first 9 months of this year, iron and steel enterprises to produce a total of 40 million tons, has completed 90% of the annual target. According to the SASAC officials said the central iron and steel enterprises to capacity in October ahead of schedule compliance. (Source: Wall Street knowledge)