6 of Top 8 Steel Provinces Increase Production in 2016

Bureau of Statistics data show that from January to May of steel production in the country over a thousand tons provinces, crude steel production in Hebei, Jiangsu, Shandong, Henan, Hubei and Anhui were 83,522,700 tons, 45,909,800 tons, 29,196,300 tons, 1218.21 tons, 12.28 million tons and 10.2367 million tons, compared with last year's average rose a certain extent.

..."Since last year, annual production capacity of nearly 100 million tons has been recovered, and most of the enterprises that shut down have resumed production."

He believes that the core is to rely on the market to regulate business losses and give no support, the enterprise will automatically cut production. "At present, the overall demand for steel has reached a saturation point. After steel production accelerated, market prices will fall. At that time, a lot of loss making business needs to be closed, especially zombie companies."
iFeng: 钢铁去产能有多难:八个产钢大省五个不降反升(名单)

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