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05 Jan
00:00

Chinas environmental law will cut steel production: survey

One in five Chinese steelmakers surveyed by local information provider MySteel say their production will be reduced because they must comply with China’s new environmental laws: more than 84% say the impact would be felt within the first quarter of 2015. The new environmental law came into force on 1 January and dramatically increases the powers of environmental regulators, Kallanish notes. Out of the 274 steelmakers surveyed, 14% said their output cou…
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