It is reported that the world''s most fragmented steel industry is planning to force out 10 million tonnes of outdated iron making capacity and 6 million tonnes of steelmaking capacity this year.
China Securities Journal learned from an official of National Development & Reform Committee recently that meanwhile totaling 15 million kilowatt small thermal power generating units will also be shut down.
The official said to further promote the energy conserve and emission-cut, China will continue pushing forward the reform of prices and environmental charges for resource products, actively implementing the differential electricity prices and strictly prohibiting the loans flowing to high energy consuming and overcapacity sectors.
China will also hammer out evaluating and examining formulas for fixed assets investment projects, implementing the favorable tax policies for mills buying energy conserve equipments and setting up special funds for cyclic economic development.