Beijing holds meeting with steel execs to discuss overcapacity

28 March 2017

Top Chinese government officials and steel executives met in Beijing on Monday to discuss the challenges in cutting overcapacity in the steel sector, according to a statement posted on the website of China's state planner on Tuesday.

The government will continue to implement measures to cut overcapacity, including tackling zombie firms and prohibiting low-grade steel production, it said.

Government agencies present at the meeting included the National Development and Reform Commission (NDRC), the State-owned Assets Supervision and Administration Commission (SASAC) and the banking and securities regulators.