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[Ferro-alloys.com] On August 20th, MIIT (the Ministry of Industry and Information Technology of China) published the first list of ferroalloy manufacturers to be repealed of license. Publicity started from August 20th and would end on September 3rd. 180 ferroalloy manufacturers and 5 EMM manufacturers were involved.
Of the 180 manufacturers to be out of business, 103 hold backward capacity, 48 had been eliminated, 17 had stopped production, 6 had been shut down, 3 had switched production and 3 were reluctant to accept supervision and inspection.
The admittance system central government took was designed to conserve energy, reduce emission, eliminate backward capacity and realize optimization and upgrading in ferroalloy industry. Up to September 2012, 696 manufacturers had been admitted and overall capacity was 25.2 million mt. According to the announcement, 180 manufactures were to be withdrawn, accounting for 26% of total manufacturers and 4.186 million mt of capacity was to be eliminated, accounting for 16.6% of overall capacity.
It was likely that more manufacturers would be withdrawn and manufacturers lost license could not do business as usual. It was analyzed this measurement the government took could effectively promote manufacturers to upgrade production equipment and environmental equipment while more positive competitiveness could be formed.
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Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
- [Editor:editer]
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