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China industry ministry to ban new steel project expansions: Xinhua

Reuters  |  BEIJING 

(Reuters) - will "strictly prohibit" the expansion of new iron and projects in 2019, the country's told the official agency in an interview on Thursday.

Miao Wei, technology, said the capacity expansion ban would also apply to the and flat-glass industries, which were already subject to restrictions in 2018, while newly added primary aluminium capacity would continue to be "strictly controlled".

A transcript of the interview did not specify what Miao meant by a "new" project but China, the world's top of both and aluminium, has been clamping down on new industrial capacity built without the necessary approvals in its fight against pollution.

The country last March set a target to cut around 30 million tonnes of annual production capacity from its bloated sector, which currently has a total capacity of around 900 million tonnes, in 2018.

It was also striving to meet a five-year goal of cutting 150 million tonnes by 2020 two years early.

The State Council, China's cabinet, said in June it would ban new capacity for steel, coke and primary aluminium in some key areas, including the Beijing-Tianjin-and regions, but Miao did not say on Thursday if the ban he mentioned would have limited geographical scope.

will support key regions in cutting further this year, he said, pledging deeper supply-side reform in industrial sectors.

(Reporting by and Muyu Xu; editing by David Evans)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 10 2019. 18:56 IST
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