China’s top planning agency has backed away from the production curbs that caused a huge squeeze in the coal industry last year, vowing to adopt more market-friendly measures in coal mining and other oversupplied industries. The National Development and Reform Commission still plans to cut 150m tonnes of coal mining capacity this year. But it […]
Category: Commodities
China will cut steel capacity by 50 million tonnes and coal output by more than 150 million tonnes this year, its top economic planner said on Sunday as the world’s No. 2 economy deepens efforts to tackle pollution and curb excess supply. In a work report at the opening of the annual meeting of parliament, […]
China’s goal to reduce excess coal capacity will be far less ambitious this year, only 20% of last year’s target, because scaling back coal production is expected to be increasingly difficult due to rising prices and concerns over lost jobs. The government aims to close down coal mines representing a combined annual production capacity of […]
China banned all coal imports from North Korea starting Sunday, a move that steps up a prohibition Beijing enacted last year and comes as recent actions by Pyongyang test relations between the two allies, according to The Wall Street Journal. The temporary ban, which the Ministry of Commerce said would remain through the end of […]
China’s steel industry saw an increase in operating capacity last year despite a government push to tackle excess production, Greenpeace and an industry consultancy say in a new report. The regional arm of the NGO and Chinese consultancy Custeel found that most steel mills shut down during the drive last year were already idle. The […]