|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