Eastern China's Shandong province plans to eliminate 21.41mn t/yr of installed crude steel capacity and 22.38mn t/yr of pig iron capacity by 2022, according to a document issued by the local government. The closures are in line with the province's plans to consolidate its steel industry and relocate capacity closer to the coast, away from urban areas and out of China's "2+26" localities subject to stricter air pollution controls. This round of removals is targeting capacity along the Qingdao-Jinan rail corridor. Any mills that cannot comply with the plans, which are in line with national policy goals, will need to get approval from the provincial government, it said.
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