China's state planner, National Development and Reform Commission of the People's Republic of China (NDRC),
- Says will cut steel production capacity by 30 mln t, coal capacity by 150 mln t in 2018
- Will shut coal-fired power plants with capacity of less than 300,000 kw that fail to meet standards in 2018
- Will focus on merging, restructuring steel companies and will guard against eliminated capacity coming back online
- Will strike balance between need to cut overcapacity and guarantee supply