October 19, Beijing. According to a representative of the management of the steelmaking corporation located in Xuzhou City, Jiangsu Province, PRC, from October 1, 2018 to March 31, 2019, the production of steel, coke and other steel products will be reduced. The reduction will be carried out as part of the state program to reduce harmful industrial emissions into the atmosphere, aimed at improving the environmental situation.
Recall that the content of harmful substances in the air of heaven especially increases during the heating season in connection with which the Chinese government prescribed:
- Energy, using coal as a fuel.
- Metallurgical enterprises.
- Plants producing coke products.
- Cement manufacturers.
Reduce emission standards to the minimum allowable values, and steel companies to reduce emissions by 2 times. Will the government directive be implemented in full or in part, the representative of the corporation, located in Xuzhou did not specify.
How this announcement will affect the reduction of production at the 2nd largest Chinese metallurgical enterprise on world prices for steel and steel products will become known only after the opening of the exchanges on Monday.