Top steelmaker Baowu Group vows output cuts, restructuring in H2

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BEIJING : The world's biggest steel producer, China Baowu Steel Group, pledged to cut output in the second half of the year in response to Beijing's commitment to limit annual production in order to reduce carbon emissions. The steel giant said late Monday that it would ensure efficiency and performance i

BEIJING : The world's biggest steel producer, China Baowu Steel Group, pledged to cut output in the second half of the year in response to Beijing's commitment to limit annual production in order to reduce carbon emissions.

"This is a political issue with no room for bargaining, and it must be resolutely implemented," the producer said in a statement, citing its Chairman Chen Derong.

 

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