05
Jun
11:15
China's environmental tax drives waste processing investment
China has implemented a new policy for environmental tax in 2018, which requires polluters to pay more tax for more pollution. This policy is encouraging steelmakers to save tax costs through increased processing of industrial slag, Kallanish notes.
Zhongtian Iron & Steel (Zenith) has invested CNY 360 million ($56m) to set up a large slag-recycling plant. The slag is processed into slag powder and sold to cement factories for around CNY 350/to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous