The new regulations for the iron and steel industry rely on policies to rely more on the market

In order to control production capacity and meet increasingly stringent environmental protection requirements, since October 1st, the "Code for Steel Industry (Revised in 2012)" was formally implemented.

Increased production standards

The regulatory conditions indicate that the Ministry of Industry and Information Technology regularly accepts applications from iron and steel enterprises that meet the regulatory requirements. The related enterprises submit their applications to the Ministry of Industry and Information Technology through successive examinations. After the Ministry of Industry and Information Technology conducts inspections of the applicant companies, it meets the requirements of the specifications. The company’s public announcements will be announced after no objection. Enterprises that meet the regulatory requirements will be used as the basis for supporting relevant policies; enterprises that have not been listed in the announcement will not be given policy support.

In terms of energy consumption, the new version of the "Code for the Production and Operation of Steel Industry" proposed that "the consumption of fresh water per ton of steel shall not exceed 4.1 cubic meters." Compared with the 2010 version of the "Code for the Production and Operation of Steel Industry", the "new consumption of fresh water per ton of steel does not exceed 5 tons", and the standard has increased by nearly 20%.

In respect of environmental protection, the 2010 version of the "Code for the Production and Operation of the Steel Industry" stipulates that the "tonal steel dioxide* emissions shall not exceed 1.8 kg." In the new regulations, "the emissions per ton of steel dioxide* shall not exceed 1.63 kg." On the whole, the new version of the “Standards for the Production and Operation of the Iron and Steel Industry” has made detailed provisions on the environmental protection of water, air, noise, solid waste, and hazardous waste.

Relies on the policy to rely more on the market

There may indeed be various problems in the implementation of the new regulations. However, from another perspective, regulating the industry not only requires policy guidance, but more importantly, it uses the power of the market and eventually merges or completes small steel enterprises that do not meet the standards. Eliminated the market.

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