New rules may ease China pollution, won’t solve steel overcapacity

New rules aimed at making China’s sprawling steel sector greener will do little to tackle rampant overcapacity or help Beijing protect its big state-owned mills from smaller, nimbler rivals.

China’s environment ministry has said it will impose “special emissions restrictions” from next month on major industries from steel and petrochemicals to cement, non-ferrous metals and coal-fired power. Environmental inspections have already started in big steel producing regions.

But when it comes to steel, it’s more than just pollution.

via Business feed http://www.scmp.com/business/commodities/article/1188223/new-rules-may-ease-china-pollution-wont-solve-steel