Luo, who spoke at the Regional Comprehensive Economic Partnership’s (RCEP’s) Steel Development Forum on Friday April 9, emphasized five major points, according to a report on Cisa’s website.
Lower crude steel output
Cisa is of the opinion that steelmaking restrictions should not be a one-size-fits-all approach and ought to differ between mills.
The following types of mills need to have their production curtailed - illegal new projects and steelmakers that have not complied with capacity replacement programs since 2016; and mills with poor environmental track records and those that do not meet industry standards.
But as for class-A mills that produce ultra-low emissions and...