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06 May
15:58

China to raise capacity replacement ratio from June

The Chinese Ministry of Industry and Information Technology (MIIT) announced on Thursday it will implement the new capacity replacement policy for the steel industry from 1 June. The updated replacement policy requires steel companies not to increase production capacity and to eliminate more old production capacity when replacing equipment, Kallanish notes. Public documents show that key polluted areas, such as the "2+26 cities" and cities in the …
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