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27 Aug
01:00

Chinas steelmakers should increase environmental capex: MIIT

China’s steelmakers should spend around 13% more of capex on meeting China’s increasingly strict environmental standards and reducing energy consumption, officials from the Ministry of Industry and Information Technology (MIIT) say. China’s industry remains considerably more energy intensive than western rivals, they add. Operating costs for steelmakers in compliance with emissions caps would be around CNY 200/t ($31/t) higher than for thos…
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