China to remove 11 steel companies from qualified enterprise list

Some of the 11 disqualified mills were under bankruptcy liquidation processes or failing to obtain operating licenses from the local govt

China's industry ministry on Tuesday said it would remove 11 steel firms from a list of qualified enterprises, effectively banning them from operating, and ordered another 17 to rectify environmental, safety and other breaches or face the same fate.
 

The move comes as China, the world's biggest steelmaker, aims to streamline its bloated steel sector, which currently has around 908 million tonnes per year of production capacity, as well as improve operating efficiency and environmental standards.
 

Some of the 11 disqualified mills, including Xuzhou Dongya Iron and Steel and Guangdong Century Tsingshan Nickel Industry Co, were identified by the Ministry