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MITT: Iron and steel smelting capacity to be substantially reduced

On March 1, the State Council Information Office held a press conference on the development of industry and informatization. Xiao Yaqing, Minister of MIIT, said MIIT and relevant departments are working on a specific plan to significantly reduce steel smelting capacity. He said, the steel industry should seek intensive development in the reduction process; in addition, energy conservation and emission reduction should be considered as an important target task of the industry.