China vows no return for closed steelmakers

Shanghai

CHINA will prevent shuttered or illegal steel plants from returning to the market, said an official at the nation's lead economic planning body, signalling a commitment to a campaign by the world's top producer that has helped to raise prices.

The nation will stick to its capacity-cuts mission this year, Ning Jizhe, vice-chairman of the National Development and Reform Commission, told reporters at a weekend b…