Photos: The Zombie Mills Of China

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China's 'zombie' steel mills fire up furnaces - The Hindu. 1 day ago The rest of the world's steel producers may be pressuring Beijing to slash output and help reduce ...

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Feb 24, 2014· Reuters: “Silencing China’s zombie steel mills no solution for smog” by David Stanway: dozens of so-called zombie mills in Tangshan, where authorities have been ordered by the provincial government to draw up a list of plants to close so output can be cut by 10.8 million tonnes this year.

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In the last gasp of an historic industrialization, China's state-run "zombie" factories continue to churn out products no one buys. The CBC's new Asia Correspondent Sasa Petricic highlights the problem facing Beijing with its new talk of layoffs and restructuring.

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Such overproduction, combined with slower Chinese demand, meant the price of iron ore, the crucial ingredient to making steel, slumped 46 per cent between July 2011 and July 2014, according to the World Bank. On current trends, China is likely this year to experience its first full-year outright contraction in steel consumption since 1995.

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Steel mills in China are spending large sums on equipment that shreds cars and other junk metal for use as raw material, as government demands to make smoke-stack industries cleaner continue to reshape heavy manufacturing.

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Jul 20, 2015· From shopping malls to soccer stadiums, hundreds of new cities in China are largely empty. And yet more cities are still being built deep in the heart of the country.

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Silencing China's zombie steel mills no solution for smog

Feb 24, 2014· Qingquan Steel is one of dozens of so-called zombie mills in Tangshan, where authorities have been ordered by the provincial government to draw up a list of plants to close so output can be cut by 10.8 million metric tons this year.

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at Shanxi Zhongsheng Iron and Steel in Fenyang, Shanxi Province, China, April 28. (STA. the risk now is producers that reopened - dubbed zombie steel mills after being idled wh.

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Silencing China's zombie steel mills no solution for smog. TANGSHAN, China (Reuters) - Reforming the bloated steel sector in northern China's Hebei province is a key part of Beijing's efforts to cut air pollution ...

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The eerie photos depict just one of the many zombie factories that are left to rot in Hebei province, once home to China's thriving Steel Belt. China is the world's leading producer of steel and Hebei once accounted for nearly a quarter of the country's output.

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China's 'zombie' steel mills fire up furnaces - The Hindu. 1 day ago The rest of the world's steel producers may be pressuring Beijing to slash output and help reduce ...

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Although China has promised to help local banks transfer the bad debts of zombie steel mills to asset management firms, local governments are not expected to gain access to the worker lay-off funds until the zombie firms have actually been shut down and …

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A Look At China's 'Zombie' Mills - Business Insider

Dozens of "zombie" mills have popped up in and around Tangshan, an industrial city in China's Hebei province. We drew on some images from Petar Kujundzic at Reuters, of …

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Jan 27, 2016· TANGSHAN, CHINA - JANUARY 26: The gate of the abandoned Qingquan Steel plant which closed in 2014 and became one of several so-called 'zombie factories', on January 26, 2016 in Tangshan, China. China's government plans to slash steel production by up to 150 million tons, which could see the loss of as many as …

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Inside China's 'zombie factory' steel plants completely ...

These grim pictures show the desolated workshops and offices at the Qingquan Steel plant in Tangshan, which closed in 2014. It is just one of many factories in north China's Hebei province. The area was once home to China's thriving Steel Belt and accounted for nearly a quarter of the country's steel output.