Shangdong :Annual reduction of steel production capacity completed

AS showed on Shandong provincial government website , at the end of September 2017,Shandong ironand steel industry to production equipment have been shut down and exit, the completion of the nation-al approval issued to Shandong in 2017 to resolve the overcapacity task. According to "Shandong Pro-vince in 2017 the steel industry to resolve overcapacity turnaround development plan" and national ap-proval issued to Shandong in 2017 to resolve the overcapacity target plans, Shandong needs to resol-ve the excess capacity 1 million 750 thousand tons of pig iron, 5 million 270 thousand tons of crude st-eel.Inthe first eight months of the year, the utilization capacity of crude steel in Shandong reached 87%,8 percentage points higher than last year.