China has started investigating production capacity at its steel mills amid increasing worries about the rapid growth in output this year, reported Reuters.
The notice jointly issued by the National Development and Reform Commission, Ministry of Industry and Information Technology (MIIT) and the National Bureau of Statistics urges local governments and the State-owned Assets Supervision and Administration Commission (SASAC) to verify the steel firms’ capacity, production and fixed-asset investments.
Local governments will check the mills under their administration while SASAC will look into national steel firms.