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China unwavering in capacity cut, stressing "three lines"
Beijing held a meeting on Monday (March 27) attended by major steel producers to discuss steps to weed out zombie firms and ban low-grade steel, in a bid to make sure the successful fulfilment of 2017 capacity cut task.
Shanxi delegates lobby Chinese parliament for a coal import curb
NPC members from Shanxi province proposed a curb on coal imports in the annual meeting of China's parliament, so as to make sure that the overcapacity cut in coal industry could have a material effect.
China sets new target of capacity cut in 2017
China plans to cut a further 50 million tonnes of steelmaking capacity, shut down coal output by 150 million tonnes and at the same time close or stop construction of coal-fired power plants with capacity of more than 50 million kilowatts in 2017, Li Keqiang said on Sunday in the work report of Chinese government.
Shutdown of substandard steel mills likely to reduce steel output by 4%-7%
After China successfully overperformed the overcapacity shedding task in 2016, Beijing strengthens its resolve this year to press ahead with the supply-side structural reform. More measures for overcapacity reduction like price differential for electricity are anticipated to be carried out soon, creating a favourable condition for the development of steel market in the long term.
CISA vows to root out substandard steel by mid-2017
CISA (China Iron and Steel Association) pledged to weed out low quality steel by June 30, 2017. "The elimination of substandard steel products is now a political mission. 12 inspection teams have already been dispatched to key destinations." Lin Nianxiu, Vice-minister of the National Development and Reform Commission (NDRC) said in CISA Board Meeting on January 10, 2017.
China Commodities Forum & 2017 Mysteel Annual Meeting - Wang Depei: Chinese Economy under the New Normal
Professor Wang Depei, Vice President of the China Society of Economic Reform and Chief Economist of Forecast Thinktank, delivered a speech on Chinese Economy under the New Normal, saying that China's economic growth is likely to be kept at a rather stable level.
China Commodities Forum & 2017 Mysteel Annual Meeting - Zhang Bin: The Short Cycle of Macro-economy and RMB Exchange Rate
In China's Commodities Forum & 2017 Mysteel Annual Meeting, Zhang Bin, senior analyst of China Finance 40 Forum (CF 40) and director of Research Department of Global Macro-economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, shared with the attendees his ideas on China's macro-economy cycle and Chinese yuan's exchange rate.
China Commodities Forum & 2017 Mysteel Annual Meeting -- Wang Jianhua: 2017 Iron & Steel Outlook: A New Cycle for Value Return
The theme for next year is seeking improvement in stability. And the essence for value return in iron and steel market is a higher floor price, a higher average price and a higher peak price

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