The new steel policy in NPC and CPPCC in 2016 year

1. De-capacity, from 2016,within 5 years, China will reduce the crude steel production capacity of  100 million -1.5 million tons, industry mergers and acquisitions must get the substantial progress, speeding up the international cooperation of steel material, making the High quality steel production moving toward the international market.
2. Closing the Zombie companies, instituting some new policy to make the Zombie companies automatically quit the market, including solving the re-employment, and solving the bank debt and other debt of these Zombie companies
3. Totally speaking, the current market is both of demand and supplying are declining, and both are in new  adaptation stage, the supplying is slowly beening adjusted according to the demand, so the performance of the current steel market price is very unstable.