Quality inspectors register the serial numbers of cold rolled steel sheets at a Tangshan workshop of Hebei Iron Steel Group Co Ltd in November last year. Hebei Iron Steel plans to double annual revenue by the end of 2015 without adding any production capacity. Provided to China Daily...

China's largest group is determined to cut output and upgrade production as it copes with the toughest market conditions since 2008, said Kong Ping, the vice-president of Hebei Iron Steel Group Co Ltd.The iron and is in much worse shape than it was a year ago, with more excess capacity and bleaker...