China's top steelmaking province Hebei will further cut its steel production capacity by 14 million tonnes this year amid an ongoing industrial upgrading, state-run Xinhua News Agency reported Jan. 7, citing province Governor Xu Qin.
Speaking at the opening of the local legislative session, Xu also said Hebei plans to cut 6 million tonnes of coal capacity, 2 million tonnes of carbon coke capacity and 500,000 kW of coal-fired power supply this year.
As part of the country's supply-side structural reform, Hebei has eliminated 14 million tonnes of steel capacity and 10.1 million tonnes of coal capacity in 2019, according to the report.