Eliminate backward production capacity of steel details are worked out - steel - metal industry

Eliminate backward production capacity of steel details are worked out - steel - metal industry

Steel Business objectives and eliminate backward production capacity Although scheduled, but the greatest concern has not announced details of compensation. By the Ministry of Industry and Information Technology together with the State Development and Reform Commission, Ministry of Finance, Ministry of Land and many other ministries are coordinating the development of backward production capacity out of the details of the program will be introduced within three years.

5 3, National Development and Reform Commission issued a document "in the capital growth of domestic demand expansion to speed up the elimination of backward production capacity, industrial structure adjustment and upgrading," and proposed the steel industry in 2010, the completion of 300 cubic meters and below blast furnace out of production and 20 tons and under, converter, electric furnace production capacity.

Has been issued under the "iron and steel industry restructuring and revitalization plan," out again before the end of 2011 and below 400 cubic meters blast furnace, 30 tons and below, converter and electric furnace. This is equivalent to elimination of backward iron smelting capacity will be 72 million tons, steel-making capacity to 25 million tons.

5 4, the State Development and Reform Commission issued a document again, clear out 2009 goals, which this year plans to eliminate backward production capacity 10 million tons iron and steel 6,000,000 tons. National Development and Reform Commission made it clear that the central government transfer payments will be taken way out of the economically underdeveloped areas of backward production capacity will be awarded.

It is noteworthy that both Development and Reform Commission issued a document, no mention of the industry's most concerned about specific remedies.

This, the National Development and Reform Commission, an official said, out of the details behind the mechanisms under development, will be completed within three years. In addition, the officials said, will be published in June this year, the steel industry continue to implement a financing policy to maintain pressure, which will eliminate backward production capacity to play an important role.

4 trillion in the stimulation of investment policy, a sound development of China's energy saving that may not be able to complete the task, but by the NDRC released the specific goal of eliminating backward production capacity, to respond.

Backward production capacity has restricted the Chinese steel industry's healthy and orderly development, although the national authorities in recent years has been stressed out behind the steel, iron production, but there is no specific compensation mechanism for withdrawal, no progress has been smooth.

"Now, the state and eliminate backward production capacity is unprecedented degree of attention." Analyst Li Zhao said.

4 23, issued by the Ministry of Industry and Information, "the steel industry restructuring and revitalization plan" implementation that is currently behind the iron and steel production capacity to thoroughly investigate. Li Zhao said that although the country had also conducted a survey backward production capacity, however, proved insufficient, the local government had generally taken a report, in person less thoroughly investigated. Before this, many local governments for tax purposes, concealed behind the production, exacerbated by the difficulty out. "Ministry of Industry and personally thoroughly, and help to identify the backward production capacity to be concealed." Li Zhao said.

The other hand, Li Zhao that the elimination of backward production capacity are met resistance is minimal. In his view, had the steel industry is difficult to eliminate backward production capacity, mainly due to higher iron and steel enterprise efficiency, eliminate backward production enterprises have resisted, but now due to Financial Crisis, some companies survive the difficulties behind the production, ready to receive the appropriate compensation for out of context.

"If there are no details of the feasibility of this proposed goal of eliminating backward production capacity or will, as before, difficult to enforce." Fosun Group Steel Division, one said, "can not be effectively eliminated, the key is see compensation mechanism. "

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