China: Jiangsu Province to reduce excess cement, iron, steel capacity

China's Jiangsu province has decided to eliminate 3.7 million tonnes of obsolete cement output capacity in 2015, as part of its five-year action plan to cope with excess capacity in four major industries. The province will also phase out 1.5 million tonnes of steel output capacity; 1.1 million tonnes of iron output capacity and not less than 2 million DWT (deadweight tonnage) in the shipbuilding sector.
March 17, 2015 Read time: 1 min

China's Jiangsu province has decided to eliminate 3.7 million tonnes of obsolete cement output capacity in 2015, as part of its five-year action plan to cope with excess capacity in four major industries.

The province will also phase out 1.5 million tonnes of steel output capacity; 1.1 million tonnes of iron output capacity and not less than 2 million DWT (deadweight tonnage) in the shipbuilding sector.

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