NDRC: Cutting overcapacity help steel sector make profits

%3CP%3E%3CFONT%20face%3DVerdana%3EChinese%20steel%20firms%20were%20in%20deep%20trouble%20at%20the%20beginning%20of%20this%20year%20due%20to%20overcapacity%20in%20the%20sector.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20central%20government%20then%20initiated%20a%20series%20of%20measures%20to%20reduce%20the%20problem%20and%20an%20official%20with%20the%20National%20Development%20and%20Reform%20Commission%20says%20the%20effort%20has%20helped.%20%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22In%20the%20first%20half%20of%20this%20year%2C%20the%20steel%20sector%20showed%20positive%20signs.%20In%20March%2C%20the%20steel%20sector%20began%20to%20make%20profits.%20From%20April%20onwards%2C%20profits%20offset%20losses%2C%22%20said%20Xia%20Nong%2C%20inspector%2C%20Industrial%20Coordiantion%20Dep%27t%2C%20NDRC.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22The%20measures%20China%20took%20to%20reduce%20overcapacity%20have%20set%20a%20good%20example%20for%20the%20global%20steel%20industry.%22%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CBR%3E%28CCTV.com%29%3CBR%3E%3C/FONT%3E%3C/P%3E