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Iron And Steel Prices In The Second Half Of The High And Volatile

     According to the reporter understand that this year need to remove the steel production capacity of 50 million tons. Prior to the May 18 National Development and Reform Commission held a press conference that, as of now, this year the country out of steel production capacity of 31.7 million tons, 63.4% of the annual task. The steel to the production capacity data does not include illegal "land steel" production capacity. That is to say, there are about 40% of the steel to remove capacity tasks in the second quarter of 5,6 months, and 3 quarter to complete.

     National Development and Reform Commission spokesman Meng Wei had pointed out that the National Development and Reform Commission and other departments in January this year, inspections found that there is illegal "land steel" capacity, should be retired capacity, equipment removal is not in place and other issues. The next step on the discovery of the problem, will be combined to resolve the excess capacity, eliminate backward production capacity, banning "land steel" work, different treatment, classification processing, the accountability should be serious accountability, the criticism should be criticized. At present, the National Development and Reform Commission and other departments have always maintained a high-pressure situation on the work of production capacity. For the recent work of the local work, the inter-ministerial meeting will send 13 verification teams on May 2 and go to 13 provinces (cities) The Once the problem is verified, will be in accordance with the law, serious treatment.

    This year the national steel prices rose last year will be volatile.