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06 Jan
10:23

MEP disgraces Rizhao for steel capacity cut failure

China’s Ministry of Environmental Protection has publicly disgraced Rizhao Iron & Steel and the local Shandong government for ineffective steel overcapacity elimination work. The Shandong local government, however, has long favoured Shandong Iron & Steel Group, which is building its own major steelworks in Rizhao, to the privately-owned Rizhao Iron and Steel, Kallanish notes. A total of over 7.1 million tonnes/year of ironmaking and 5.94m…
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