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Report: China Preparing to Slash Steel Production to Fight Smog

Monday, February 13, 2017 11:58
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ibankcoin.com / Dr. Fly / Feb 13, 2017

The smog has been especially bad in China this year. A friend of mine almost died due to the toxic air and had to be hospitalized during his stay in the great walled nation. Perhaps in response to that, or a desire to jimmy rig steel/aluminum prices higher, China is preparing to place harsh restrictions on coal, in addition to slashing production for steel, aluminum and fertilizer — according to Reuters.

Source: Reuters

China is considering forcing steel and aluminum producers to cut more output, banning coal in one of the country’s top ports and shutting some fertilizer and drug plants as Beijing intensifies its war on smog, a draft policy document shows.

The Ministry of Environmental Protection (MEP) has proposed the measures in the document seen by Reuters. If implemented, they would be some of the most radical steps so far to tackle air quality in the country’s most polluted cities.

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The post Report: China Preparing to Slash Steel Production to Fight Smog appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/02/13/report-china-preparing-to-slash-steel-production-to-fight-smog/

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