China Mining quotes analysts as saying that the support package for China's steel sector unveiled Wednesday by the State Council will help domestic steel enterprises get through a difficult time and solve long-standing problems in the industry.
The support package will help relieve the industry's overcapacity, promote technological innovation in steel plants, accelerate industry restructuring, improve standards for building steel, speed up the introduction of steel futures and further adjust import and export duties for steel products.
Some analysts note that the actual effect of the support package depends on how local governments implement policies in the package while others urge cautious optimism about the actual effects of the support package.
Source: Steel Guru
No comments:
Post a Comment