Hebei to close last 'zombie' steel mills in next two years

7 March 2017

China's biggest steelmaking province, Hebei, will close its eight remaining "zombie" steel mills in the next two years, Governor Zhang Qingwei said on Tuesday at a briefing on the sidelines of parliament's annual meeting.

The province in the north of the country near the capital Beijing accounts for nearly a quarter of China's total steel output and has pledged to cut steel capacity by 31.17 million tonnes by 2017 and by 49.13 million tonnes by 2020.