Southwestern China's Sichuan province has slashed 10.7 million tonnes per annum (Mtpa) of steel capacity through removal of 27 companies' medium frequency furnaces since December last year, local newspaper reported.
Sichuan realized the goal to shut 8.64 Mtpa outdated steel capacity during the 12th Five-Year Plan period (2011-2015).
The province eliminated 4.2 Mtpa of crude steel in 2016, achieving the target ahead of time.
It also shed 0.38 Mtpa of iron making capacity and 0.77 Mtpa of steel marking capacity in 2016, respectively.
(Writing by Zoey Yan Editing by Harry Huo)
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