Recently, the National Development and Reform Commission announced the steel industry’s efforts to defuse excess production capacity and prevent the “special spot inspection” method of spot inspections. It also stated that the joint meeting of the iron and steel industry to reduce excess production capacity and develop development is scheduled to be held in May 2018. From the 22nd to the 15th of June, 8 spot checks were organized to 21 provinces (autonomous regions and municipalities) to carry out the iron and steel industry to reduce excess production capacity and to prevent special spot checks of "Gibbon Steel" reactivation.

The original is as follows:

With the approval of the State Council, the inter-ministerial joint meeting of the steel and coal industry to defuse the excess production capacity and promote development in isolation (hereinafter referred to as “the inter-ministerial joint meeting”) is scheduled to organize 8 spot checks for 21 teams from May 22nd to June 15th, 2018.

Provinces (autonomous regions and municipalities) carried out iron and steel industry to resolve excess production capacity and prevent spot inspections of steel strips from being re-ignited. Spot checks include 21 provinces (Tianjin, Hebei, Shanxi, Inner Mongolia, Liaoning, Jilin, Heilongjiang, Jiangsu, Zhejiang, Anhui, Fujian, Jiangxi, Shandong, Henan, Hubei, Hunan, Guangdong, Guangxi, Sichuan, Yunnan, and Shaanxi. ,city).

The spot checks included the prevention of the resumption of the "Gibbon Steel" and the resumption of production of surplus production capacity, the elimination of outdated production capacity, and the prohibition of new production capacity.

In current situation, we can predict that the checking process will have certaion influence on steel industry production process, and may affect delivery time. But we’ll surely support this to try our best to bring a bule sky back again.