Deng Qilin, the general manager of Wuhan Iron & Steel Group, who is also the chairman of the China Iron and Steel Association, said in an interview that the government may have detailed plans to close obsolete mills, advance mergers and reduce the number of iron ore importers by the end of the year.
Steel output in China reached a record this year as the government invested RMB4 trillion ($586 billion) in the economy, spurring public works building. The nation’s cabinet in August said it was studying curbs on overcapacity in industries including steel.
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