Summary of National People's Congress, Zhang Qingwei Governor of Hebei Province 9th in an interview with reporters, said that by 2020, steel production capacity of Hebei Province Yajian to less than 200 million tons, which means that 60% of the iron and steel enterprises are facing restructuring shut down. Zhang Qingwei listed a set of data to show the industrial structure of Hebei Province...
Zhang Qingwei, deputy to the National People's Congress and governor of Hebei Province, said in an interview on the 9th that in 2020, Hebei's steel production capacity will be reduced to less than 200 million tons, which means that 60% of steel companies are facing closure and restructuring.
Zhang Qingwei cited a set of data to show the necessity and direction of industrial restructuring in Hebei Province. In 2015, from the total profit of major industries, the total profit of the steel industry was 29.97 billion yuan, a growth rate of -46.9%; from the investment situation, the investment growth rate of the steel industry was -5.7%.
"In the window of policy and market adjustment, we will speed up the transition of old and new kinetic energy and get through the painful period as soon as possible." Zhang Qingwei said that in 2016, Hebei will reduce the ironmaking capacity by 10 million tons and the steelmaking capacity by 8 million tons. A batch of production capacity has been accelerated.

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