Tougher steel emission rules could cut Chinese capacity

Mar 12, 2013 | 10:28 AM |

Tags  iron ore, emission caps, steel, steelmaking, crude steel production, Frank Tang, North Square Blue Oak, Baosteel Wuhan Iron & Steel

BEIJING — China’s revised emission caps for iron ore and steelmaking projects likely will result in further consolidation—and closures—of small steelmaking facilities, analysts told AMM sister publication Steel First.

The new standards, which also apply to five other heavily polluting industries, came into effect March 1 for new projects in 47 cities nationwide, according to the Ministry of Environmental Protection. Existing plants will be subject to restrictions beginning Jan. 1, 2015, with a special focus on sintered iron and steel and pelletizing plants. ....

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