It is reported that Baosteel Group who takes the lead in China steel industry initiated in issuing “Green Purchase guide” which raises the threshold for future purchase from suppliers. Relevant insiders indicated that energy saving and emission reduction would be implemented in china steel industry as a rigid restraint in the next five years.
The green transition of China steel industry has started. According to Mr Ma Guoqiang general manager of Baosteel Co Ltd cost and environmental protection has become two key problems in the development of China steel industry. In the future, China steel products should keep competitiveness by being low in cost and environmentally friendly.
Data from China Iron and Steel Association shows that China steel industry has inched up investment in the past five years in energy saving, environmental protection, pollution control and comprehensive use of wastes. The ratio of annual investment in pollution prevention from large and medium sized steel mills has risen to 9% up by 2.7% from five years ago.
Before 2005, there were altogether 20 sets of coke dry quenching equipment in China while last year it reached 104 accounting for above 22% of the total capacity.
Source: MySteel.net
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