April 18, 2018 / 3:16 AM / a year ago

China will crack down on irregularities in the steel sector: NDRC

A worker inspects steel pipes at a warehouse in Zouping county, Shandong province, China April 17, 2018. Picture taken April 17, 2018. China Daily via REUTERS

BEIJING (Reuters) - China will resolutely deal with so-called “zombie” steel firms and crack down on irregularities in the steel sector, the country’s state planner said on Wednesday.

China will also step up coal mine closures in the south, Yan Pengcheng, spokesman for the National Development and Reform Commission, told a news conference.

Reporting by Stella Qiu, Lusha Zhang, Se Young Lee in BEIJING

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