China to tighten steel capacity swap controls in key areas amid efforts to cut emissions

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China's industry ministry on Thursday released the finalised guidelines which tightens steel production capacity swap controls in key areas amid the country's efforts to reduce pollutions.

The guidelines will be replacing the earlier version that took effect since the start of 2018 but then had been shelved since January 2020 because of the loopholes that had been detected in the actual execution.

"It is strictly forbidden to increase the total steel . . .

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