The Chinese government will hit excessive steel capacities in the country with the help of new rules to control environmental pollution

The new rules aimed at tightening control over emissions developed by the China government will help reduce excess capacities in the country's metallurgical industry. Reuters writes about this.

The Ministry of Environment of China recently announced that the next month, special restrictions on emissions in the main industries and, in particular in metallurgy, petrochemical and coal industries, will begin to operate on the territory of the country. Environmental inspections have already begun to identify shortcomings at most enterprises from these sectors.

The steel giants of China Baoshan Iron and Steel (Baosteel), Wuhan Iron and Steel and Angang Steel met new undertakings of the government with approval. “If we want to solve the problem of emissions as efficiently as possible, then the most correct one will reduce the number of sources of such emissions. We approve of any efforts to tighten the legislation, none of the enterprises reached high production standards will oppose this. The implementation of new environmental standards will create equal conditions for all manufacturers in China, ”said the chairman of the Baosteel, Mr. He, Henbo.

The head of Hebei Iron and Steel Group Van Yufang directly said that "China must use environmental control to curb the uncontrolled growth of metallurgical capacities."

However, many analysts are sure that the Chinese government has the beginning of its implementation of its plan to enlarge the main manufacturers of the metal rolling. If the authorities are to the end are fundamental, then all the metallurgical plants of China, without exception, will suffer from the new rules. “Currently, many large steel plants also do not comply with environmental standards,” says Custeel analyst Mr. Ksyubao, “China is striving to ensure that more than 60 percent of the steel production in 2015 controls its 10th best companies, i.e. One and a half times more than today. Most likely, administrative levers and resources will be used to achieve this goal. ”