China targets capacity closures

China targets capacity closures (Sept. 6, 2024)

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On 22 August, China’s Ministry of Industry and Information Technology (MIIT) issued a notice to suspend the approval of any new iron and steel production capacity replacement projects. The move has thrown uncertainty on a key policy determining steel investment in the country. It is not the first time Beijing has had to tweak the policy.

What will determine the capacity replacement requirements for new steel projects, why has the policy struggled so far, and how will it evolve?

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China targets capacity closures (Sept. 6, 2024)

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