Shandong Will Continue To Reduce Overcapacity In Steel And Coal
The reporter learned from the press conference held by the Shandong provincial government. The province will continue to reduce excess capacity of coal is 4.65 million tons, excess capacity of pig iron 600,000 tons and excess capacity of crude steel 3.55 million tons. It is the first task to accelerate the adjustment of industrial structure and optimize the allocation of stock resources. We will achieve the survival of the fittest and industrial transformation and upgrading. The rapid expansion of high-polluting and energy-intensive industries has been curbed. The first quarter, the added value of the high-energy consumption industry increased by 4.3% year-on-year. That's 2.3 percent lower than a year ago. The output of high energy consumption products such as caustic soda, cement, crude steel and electrolytic aluminum decreased by 1.3%, 18.5%, 4.6 and 10.4% respectively.