Figures issued by the Ministry of Industry and Information Technology (MIIT) on Christmas Eve last year indicate that China eliminated 17Mt of steel-making capacity in 2015. It is expected to have eliminated 13Mt of iron-making capacity, 300kt of electrolytic aluminium capacity, 38Mt of cement capacity and over 11 million weight carbons of flat glass capacity. According to the MIIT, China is expected to resolve 15Mt of excessive shipbuilding capacity.
Source: China Metals.