HeSteel's capacity cuts reflect move toward sector change

Zhang Jiwen almost lost his job when a furnace he worked at for many years was demolished at Xuansteel, a subsidiary of HeSteel Group Co Ltd, in northern China's Hebei province.

But thanks to his determination to adapt, Zhang secured the necessary training for new skills and instead became a quality inspector at the company's technology center.

Zhang's pathway to a new career is a small part of a bigger picture: the supply-side structural reform measures carried out by HeSteel, China's leading iron and steel business group.