China will carry out a special inspection to prevent the resurgence of "ground steel bar"
Abstract: preventing the resurgence of "ground steel bar" and the resumption of dissolved excess capacity is one of the key tasks of capacity reduction in the coming period. From May to June 2018, the inter ministerial joint meeting on the development of the iron and steel and coal industry to resolve excess capacity and overcome difficulties will take the lead in organizing a special inspection to prevent the resurgence of "ground steel" and the resumption of production of resolved excess capacity
the equipment of the Industrial Coordination Department of the national development and Reform Commission includes a capacitive keyboard and an LCD screen that can display graphics. Shui Hengyong, deputy director of the Metallurgical Building Materials Department, said on the 31st that from May to June 2018, The charging standards for resolving excess capacity and aid funds in the steel and coal industry will be adjusted year by year. The inter ministerial joint meeting on poverty relief development will take the lead in organizing a special inspection to prevent the resurgence of "ground steel" and the resumption of resolved excess capacity
Shui Hengyong made the above statement at the "2018 China Iron and Steel Development Forum" held in Beijing on the 31st
"preventing the resurgence of 'ground steel' and the resumption of dissolved excess capacity is one of the key tasks of capacity reduction in the coming period." Shui Hengyong said at the forum, "this special inspection is mainly aimed at key provinces (districts and cities) with high incidence of 'ground bar steel'. The inter ministerial joint meeting will organize spot checks and special inspections in a timely manner according to the reported information."
in addition, according to Shui Hengyong, according to the upcoming "2018 key points for iron and steel to resolve excess capacity", in 2018, China will further reduce the crude steel production capacity by about 30million tons, take the disposal of "zombie enterprises" as an important starting point for capacity reduction, put an end to the average apportionment index, and do not engage in "one size fits all"; Open up ways to further improve the quality of staff placement; Actively promote the disposal of corporate debt and assets, and strive to make progress; Accelerate mergers and acquisitions, transformation and upgrading in addition to the above products, further improve the quality of steel supply, and further optimize the industrial structure and productivity layout