China will eliminate 22 million tons of out-of-date iron
production capacity and 24 million tons of outmoded steel
production capacity in 2007, the National Development and Reform
Commission (NDRC) announced in Beijing on Monday.
The shutdowns will affect ten provinces, municipalities and
autonomous regions.
This is just the first stage in efforts to modernize these
industries and reduce pollution, said NDRC head Ma Kai, adding "We
are looking for ways to eliminate more."
By 2010, the country plans to have eliminated 55 million tons of
out-of-date steel production capacity and 100 million tons iron
production capacity.
(Xinhua News Agency May 15, 2007)
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