NEW POLLUTION STANDARDS ON THEIR WAY FOR CHINESE STEEL SECTOR

China’s steelmakers are set to face further financial pressure after the country’s ministry of environmental protection said it will impose new emissions rules on new mills as early as March 1. This comes after the government imposed pollution standards as recently as last October and the latest action is thought to have been inspired by the rash of urban fog problems that have hit Chinese cities this winter. The new rules, which also apply to five other heavily polluting industries (such as power generation), will come into force over the next three years in ...


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