BEIJING, Jul 10 -- The government has identified 2,255 companies nationwide that must slash obsolete metal output capacity, the Ministry of Industry and Information Technology said Monday.

China's government has published a list of names along with specific production facilities that it wants dismantled by the year-end.

It named 18 sectors, targeting 96 companies with 31.2 million metric tons of iron foundry capacity as well as 58 companies with 27.9 million tons of steelmaking capacity.

Last year, the government targeted 2,087 companies in a similar drive.

In copper smelting, the government named 24 companies with 425,000 tons of capacity. In galvanized aluminum, it named 22 companies with 6.2 million tons of capacity.

In lead, it is targeting a cut of 661,000 tons of capacity involving 38 companies. In zinc, the target is 338,000 tons of capacity involving 32 companies.

Companies in the coke, cement, paper and glass production sectors were also affected. In the coke sector, the government is aiming to cut 19.8 million tons of capacity involving 87 companies.

Source:smm