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Chinese government punishes Jiangsu Huada Steel & Hebei Anfeng Steel for breaking rules- The 18th China(Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
12/28/2016 steel tube expo-tube &pipe expo |
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Global Times reported that the State Council, China''s cabinet, has punished two steelmakers for violated rules and regulations, reflecting the central government''s determination to control the capacity glut. According to a statement published on the central government, Jiangsu Huada Steel Co Ltd and Hebei Anfeng Steel Co Ltd have violated the rules and regulations by launching new steel projects.
As per government “Huada, located in East China''s Jiangsu Province, has illegally produced steel, which had a negative impact on the local industry. Anfeng, located in North China''s Hebei Province, was ordered to tear down its obsolete furnaces.”
The State Council has issued warnings to two vice governors from Jiangsu and Hebei after it was revealed that steel companies in the two provinces were still seeking to add capacity despite the government’s plans to cut steel production.
The State Council and the Central Committee of the People’s Republic of China had issued an administrative demerit record to Jiangsu vice-governor Ma Qiulin and an administrative warning to Hebei vice-governor Zhang Jiehui. A further 111 personnel from Jiangsu and 27 from Hebei were also to be held accountable for the breach of regulations.
Jiangsu and Hebei provinces have been ordered to rectify the unapproved steel capacity in both companies. Blast furnaces of less than 1,000 cubic metres and converters of below 100 tonnes at Hebei Anfeng were also to be dismantled.
- The 18th China(Guangzhou ) Int’l tube
& pipe Processing Equipment Exhibition
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