September 08, 2008

Guangdong eliminated 16 outdated steel capacities

It is reported that Guangdong Province withdrew the curtain to eliminate outdated steel capacity by scraping 16 steel plants, 10 in Xingning City, 4 in Meijiang District and 2 in Fengshun County with total capacity of around 350,000 tons in Meizhou City on October 13th 2007.

During the Eleventh Five Year Plan period of 2006-2010, the province will close and eliminate outdated steel capacity of 10 million tonnes.