Hebei Province, China’s leading producer of iron and steel will continue with overcapacity cuts in 2020 amid an ongoing industrial upgrading, said Hebei Province governor Xu Qin.“The province plans to cut production capacity of iron and steel by 14 million tonnes this year.”, he added.
He said that Hebei will also cut capacity of coal by 6 million tonnes, carbon coke by 2 million tonnes and coal-fired power supply by 500,000 kW to fight overcapacity.
Hebei province is shifting its energy and industry structures from coal and steel to emerging and high-end industries. The province had cut production capacity of iron and steel by 14.02 million tonnes, coal by 10.06 million tonnes and cement by 3.34 million tonnes in 2019.
