International Steel Mills
August 16, 2016
China Policy Cracks Down on Non-Compliance
Written by Sandy Williams
China has issued a new policy that outlines steps it will take to address overcapacity in major industrial areas. The report focuses on adherence to market rules and environmental and energy guidelines with punishment for those who fail to meet governmental standards.
China has pledged to reduce overcapacity by 2020 in the iron and steel, coal, cement aluminum, plate glass, and other industries through tightening and enforcement of standards. The Ministry of Industry and Information, in a draft policy document published August 12, laid out a multi-step plan for supply-side structural reform.
