Chinese government started to limit excessive investment, strengthen environment regulations and control credit of steel industry. Those policies are expected to help ease global difficulties of securing raw materials including iron ores and relieve soaring price. It is known that Chinese government notified 31 local governments and concerned authorities of minimum conditions of investment to keep the steel industry from being overheated, and instructed strict implementation of them. The said minimum conditions are to ban high environmental pollution, steel making process of low efficiency, non-competitive small players blast furnace, and additional mini-mills.
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