The Ministry of Industry and Information Technology released on July 12 new standards for the domestic steelmakers to normalize their production and operations, explicitly identifying steelmakers with capacities below a million tons as illegal.
The condition of facilities and technologies remains one of the most important yardsticks to evaluate a steelmaker. According to the regulations, all the blast furnaces and converters (electric furnaces) that were set up prior to July 2005 when China issued the Steel Industry Development Policy must be larger than 400 cubic meters and 30 tons in size, respectively. All the blast furnaces, converters and electric furnaces that were erected after that watershed date must be larger than 1,000 cubic meters, 120 tons and 70 tons respectively.
Another standard is: as of the end of 2009 each of the qualified ordinary steel producers should have a crude steel capacity of more than a million tons, and each of the special steel producers should have a capacity of more than 300,000 tons with an alloy content of over 60 percent (excluding 100 percent alloy-bearing high-speed steel and die steel).
This is the most controversial issue among the industry circle since critics worry that policy would promote substandard producers to desperately expand their scales in order to keep their legal status.
The condition of facilities and technologies remains one of the most important yardsticks to evaluate a steelmaker. According to the regulations, all the blast furnaces and converters (electric furnaces) that were set up prior to July 2005 when China issued the Steel Industry Development Policy must be larger than 400 cubic meters and 30 tons in size, respectively. All the blast furnaces, converters and electric furnaces that were erected after that watershed date must be larger than 1,000 cubic meters, 120 tons and 70 tons respectively.
Another standard is: as of the end of 2009 each of the qualified ordinary steel producers should have a crude steel capacity of more than a million tons, and each of the special steel producers should have a capacity of more than 300,000 tons with an alloy content of over 60 percent (excluding 100 percent alloy-bearing high-speed steel and die steel).
This is the most controversial issue among the industry circle since critics worry that policy would promote substandard producers to desperately expand their scales in order to keep their legal status.
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