In order to solve the problem of excess capacity, Hebei Province has taken various measures to strictly implement the Guiding Opinions on Resolving Serious Overcapacity Contradictions issued by the State Council. In this process, most of the measures taken are administrative intervention, and the relationship among management measures, market rules and economic factors is not very clear. Based on this, this paper, starting from the excess capacity of Hebei iron and steel industry, analyses the relationship between investment return rate and investment ratio, and the relationship between profit and reduced capacity of iron and steel industry. On the basis of the analysis and the background of deepening the structural reform of supply side, this paper puts forward effective measures to solve the excess capacity of iron and steel industry.
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