Hebei Iron & Steel unveils output cut

0 CommentsPrint E-mail China Daily, September 16, 2010
Adjust font size:

Hebei Iron & Steel Group Co Ltd, China's largest steel mill in terms of production capacity, said it would cut its annual output by 6 percent to help meet the nation's target to reduce carbon dioxide emissions by up to 45 percent by 2020.

In a statement to the Shenzhen Stock Exchange late on Tuesday, the company said that its raw steel output would fall by 1.5 million tons between September and December.

The company's move comes against the backdrop of cuts in steel output ordered across Hebei to help meet the green goal.

Xu Xiangchun, chief information officer of Mysteel Research Institute, told China Daily that the production cuts in Hebei province were too harsh and would harm the industry.

"The 40 percent cut in steel output can only be a temporary measure and, as such, will only make a limited and short-term contribution to the nation's emission reduction effort," Xu said.

Analysts said the output cuts are not only affecting steel mills' production plans, but are also taking their toll on iron ore demand.

Salespersons from Rio Tinto, Vale and BHP Billiton have started to contact their clients in Hebei province, seeking more details about the production cuts, China Securities Journal reported on Tuesday.

According to data from the General Administration of Customs, China imported 44.6 million tons of iron ore in August, 10.2 percent lower year on year.

The import price of iron ore has also dropped by about $10 since August, to $147 per ton.

"The price of iron ore will keep falling before the end of this year," said Yu Liangui, deputy director of Mysteel.

Domestic media reported the price of steel had dropped by 17 percent from April to July, while the price of iron ore had dropped 23 percent in the same period.

According to China Iron and Steel Association, 40 percent of the nation's steel mills have been affected by the government's macro-control policies.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 成年免费视频黄网站在线观看 | 久久久不卡国产精品一区二区| 欧美在线观看视频一区| 伊人青青草视频| 美女免费精品高清毛片在线视| 夜来香高清在线观看| 久久婷婷五月综合色国产香蕉| 欧美性猛交xxxx乱大交蜜桃 | 女人是男人的未来视频| 五月天中文在线| 精品久久国产视频| 国产丝袜视频一区二区三区| 国产精品福利尤物youwu| 国产精品亚洲片在线观看不卡 | 欧美一级在线观看视频| 亚洲欧美中文字幕高清在线一| 男人桶女人视频30分钟看看吧| 内射白浆一区二区在线观看 | 男女后进式猛烈XX00动态图片| 国产成人精品久久一区二区小说| 6080yy成人午夜电影| 在线观看你懂得| youjizz大全| 影院成人区精品一区二区婷婷丽春院影视 | 国产精品久关键词| 91成人精品视频| 国内精品久久久久久久97牛牛| 99精品无人区乱码在线观看| 日本成本人三级在线观看2018| 久青草中文字幕精品视频| 欧美一区二区日韩国产| 亚洲免费观看视频| 欧美性天天影院| 亚洲天堂五月天| 精品亚洲一区二区三区在线观看| 吃奶呻吟打开双腿做受在线视频 | 天堂资源bt种子在线| katsumi精品作品在线播放| 日本大臿亚洲香蕉大片| 久久精品久久久久观看99水蜜桃 | 岛国在线免费观看|