Plant shutdowns likely as emission standards kick in

The introduction of new industrial emission standards in China is likely to mean the shutdown of some iron and steel plants this year.

Yuan Yuzhu, chairman of Shanxi Zhongyang Iron and Steel Co Ltd, told China Daily that the new environmental standards, combined with mounting pressures on the industry from overcapacity, could mean a difficult year for the sector.

"The Ministry of Environmental Protection will introduce new emission standards from April, which will present a big challenge to struggling steel enterprises.