China's ministry solicits opinions on ultra-low emission plan for steel firms

BEIJING, May 17 (Xinhua) -- China’s Ministry of Ecology and Environment has recently solicited opinions on the ultra-low emission renovation plan for steel enterprises, according to the Xinhua-run Shanghai Securities News.

Under the draft plan, the well-qualified iron and steel enterprises have to implement ultra-low emission renovation and strive to complete the renovation of steel production capacity by 480 million metric tons (tonnes) by the end of 2020, and 580 million tonnes by 2022, and 900 million tonnes by 2025.

According to research reports, the overall market for ultra-low emission renovation in the steel industry exceeds 80 billion yuan. Measured by investment required for lower emission standards, the market for the steel flue gas transformation is 43.6 billion yuan, 9.1 billion yuan and 29.1 billion yuan, respectively, in the period of 2018 to 2020, 2020 to 2022, and 2022 to 2025.