IN BRIEF (Page 13)

Hebei to cut steel capacity

Hebei province, China's biggest steelmaking region, will eliminate as much as 2 million tons of polluting and outdated steel capacity by the end of 2011, the Ministry of Industry and Information Technology said. Hebei aims to form five large mills, each with capacity of more than 5 million tons a year through mergers, it said.

CNPC bearish on demand