What is the meaning of de-capacification nowadays?

The so-called "de-capacity" is to resolve overcapacity, refers to in order to solve the product oversupply caused by vicious competition in the product of the unfavorable situation, seek to production equipment and products for transformation and upgrading methods.

So what is "steel to capacity"? Iron and steel industry to capacity is to eliminate some of the backward production technology and equipment, the domestic "iron and steel to capacity" of the implementation of the policy is mainly aimed at the "strip steel" capacity, backward production capacity, in the confirmation of the replacement of the main equipment before the removal of the production capacity, casting and other non-transferable equipment, the production capacity of the steel industry, the production capacity of the steel industry. Iron and steel industry smelting equipment capacity of six types of capacity completely removed.

The results and significance of steel production capacity: in 2017, the country **** rectification and cleanup of bar steel production capacity of more than 140 million tons, China took the initiative to carry out production capacity not only to alleviate the contradiction of the domestic overcapacity, but also for the world's iron and steel industry, the balance of supply and demand has made an important contribution.