No new capacity will be allowed in steel industry in 2020
According to the China Iron and Steel Industry Association on the 13th, the steel industry will consolidate the achievements of supply side structural reform in 2020 and prohibit new production capacity. According to the data of CISA, China's crude steel production is expected to reach about 980 million tons in 2019, with a cumulative growth of 176 million tons in the past five years, or an annual growth of 21.9%. According to the key statistics, the iron and steel enterprises will lose 84.688 billion yuan in 2015, and the profit will be 180 billion yuan in 2019; the asset liability ratio of the enterprises will decrease by about 7.5 percentage points.
Looking for chemical products? Let suppliers reach out to you!
You May Interested In
2026-06-22
-
Fine Chemicals Industry Overview Dec.2025
Insight into Structural Shifts, Capturing Long-Term Value in Fine Chemicals. Available for Permanent Download.Published in: Jan. 2026
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
Trump Announces Higher Steel and Aluminum Tariffs, Risks Inflation and Promises More Jobs
-
India plans to impose up to 25% tariffs on steel imported from China
-
In the first three quarters, China's iron and steel industry research and development investment continued to increase
-
Steel Market Prices are Weak and Oscillating
-
The price of coke in Inner Mongolia fell by 50%
-
Power coal: no sign of recovery?
-
Overall stable operation of coal and coke market in South China
-
In November, the output of steel bars on the national scale was 22 million tons
-
Lack of power support for steel price rising continuously
-
Strengthen environmental protection: three questions for iron and steel industry
Recommend Reading
-
Bodo Möller Chemie to Acquire Adhesive Chemicals Business of Aqua Engineering Services
-
Your Plant Has the Data. Your AI Cannot Reach It. Here Is Why That Is the Core Problem in Chemical Manufacturing.
-
Covestro Acquires Adhesive Manufacturer Pontacol
-
Sika Acquires Qatari Construction Chemicals Company Gulf Additive Factory
-
Wacker Opens Biotechnology Center in Munich
-
Insufficient Demand for Cyclohexane in China, Weak Market Situation Persists
-
Calcium Acetate: Medical and Industrial Applications
-
ACME Solar Orders Over 3.1GWh Battery Storage in India’s Largest Deal to Power Multi-State FDRE Rollout
-
Huayou Cobalt Posts 55–68% Net Profit Surge in First Half, Three Consecutive Quarters of Triple-Digit Growth
-
Over 10,000 Aircraft Parts Targeted as Global Leaders Launch TPC Recycling Program for Airbus A380