China will cut ineffective steel capacity of 30 million tonnes per annum (Mtpa) and coal capacity of 150 Mtpa in 2018, according to a government work report available to media on March 5 morning.
Meanwhile, coal-fired power generating units with a capacity of less than 300,000 kilowatts that fail to meet standards will be closed this year, according to the report to be delivered on the same day at the first session of the 13th National People's Congress.
China pledged in 2016 to slash 500 Mtpa of coal capacity and 500 Mtpa of steel capacity in three to five years. By end-2016, it shed coal and steel capacity by 250 Mtpa and 45 Mtpa, respectively, outstripping its target for the year.
In 2017, it finalized the targeted 150 Mtpa of coal capacity reduction in October, two months ahead of the schedule.
By end-2017, the number of coal mines in the country fell to 7,000 or so from 10,800 in 2015.
Over 50 Mtpa of steelmaking capacity and 250 Mtpa of coal capacity were eliminated last year, besides China phased out, halted or delayed coal-fired power installed capacity of 65 GW.
(Writing by Tammy Yang Editing by Harry Huo)
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