04
Nov
00:00
Chinas environmental costs set to reach 6-7% of steelmaking profit from 2015: CISA
China’s steelmakers will see costs surge by as much as 80% from the start of 2015 when new environmental laws come in to force. So says Wang Shaoqi, vice president of the China Iron and Steel Association (CISA). However, the key impact of the law may be to enforce those costs more evenly, Kallanish observes.
Environmental regulations currently add around Yuan 140/tonne ($22.9/t) to the cost of steelmaking, according to CISA. When China’s new…
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Anonymous
Very good overview of the weekly steel market.
Anonymous