China Securities Journal reported that Tangshan municipality issued a notice lately to close down 267 enterprises for rectification, including 66 small and medium scaled steel mills, four pellet plants and 12 coking mills in order to ensure environmental security for the 2008 Beijing Olympic Games.
Among the steelmakers planned to be rectified, there are few large scaled, such as Tanggang's Iron Smelting and Shougang Mining Co's No 1, No 2 and No 3, 90 square meter sintering machines, while the majority are small ones with annual capacity of below 1 million tonnes.
44 mills are reportedly in Fengrun district of Tangshan, disqualified for not meeting standards as to waste water treatment, exhaust emission and poor factory environment.
According to the report, the municipality asked the 66 steelmakers to stop operation by July 8th 2008 and should not resume production until finish the rectification.
Analysts expect that the closures would not affect steel supply substantially as most of them are small processing mills. |
