Auto: Ferroyalloy output controlled
(China Daily)
Updated: 2006-04-13 15:08
China plans to massively cut its ferroalloy production capacity by 2010 to
improve efficiency and consolidate the fragmented energy-intensive sector.
Government statistics show that only 48 per cent of existing ferroalloy
production facilities are in operation but additional projects with a total
capacity of 2.84 million tons are still under construction or being planned.
"The production capacity of ferroalloy should be controlled at about 17
million tons by the year 2010, a 25 per cent fall compared with last year's
level," said a circular issued by seven ministries including the Ministry of
Finance, the State Environmental Protection Administration of China and the
National Development and Reform Commission (NDRC).
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