Pol­lu­tion curbs may cause steel-plant shut­downs

China Daily (Canada) - - NEWS CAPSULE -

China’s steel in­dus­try faces plant shut­downs this year be­cause the gov­ern­ment is escalating its as­sault on air pol­lu­tion, an ed­i­tor with Platts’ en­ergy and met­als in­for­ma­tion ser­vice said.

Li Hong­mei, Platts’ Chi­nese steel ed­i­tor, said in a video posted on Platts’ web­site that “a lot of medium and small mills” not heav­ily in­vested in en­vi­ron­men­tal pro­tec­tions “prob­a­bly” will face shut­downs.

Li said a pull­back in gov­ern­ment in­vest­ment as the GDP growth rate slows to a pro­jected 7 per­cent to 7.5 per­cent from 10.3 per­cent in 2010, will “dis­cour­age” steel-mill ex­pan­sion.

So far clo­sures have mostly tar­geted mills in Wu’an, a city in He­bei prov­ince. He­bei, a ma­jor in­dus­trial re­gion which pro­duces about a quar­ter of China’s crude steel out­put. (Photo 3)

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