en.Wedoany.com Reported - China's Ministry of Industry and Information Technology has issued the revised "Implementation Measures for Capacity Replacement in the Steel Industry." These measures apply to new construction, renovation, and expansion projects for ironmaking and steelmaking smelting equipment by enterprises of all ownership types within China. The measures clarify that equivalent replacement means the constructed capacity equals the phased-out capacity; reduced replacement means the constructed capacity is less than the phased-out capacity; and the replacement ratio refers to the ratio of phased-out capacity to constructed capacity.
The replacement ratio for ironmaking and steelmaking capacity shall not be less than 1.5:1. The measures set different replacement ratios for scenarios such as mergers and acquisitions and green, low-carbon development: For substantive mergers and acquisitions implemented after August 23, 2024, the replacement ratio for both ironmaking and steelmaking capacity shall not be less than 1.25:1; where converters and their supporting blast furnaces are phased out, and the ironmaking capacity of the supporting blast furnaces is no longer used for replacement, projects constructing electric furnaces may implement equivalent replacement; projects where both the phased-out and constructed smelting equipment are electric furnaces may implement equivalent replacement. Projects adopting a "low-carbon metallurgy + electric furnace" process, where the carbon emission reduction ratio in the ironmaking process is no less than 60% compared to the blast furnace process, may implement equivalent replacement.
The measures stipulate that key regions are strictly prohibited from increasing the total amount of steel capacity and from transferring steel capacity from non-key regions to key regions. Key regions are defined in accordance with the "Action Plan for Continuous Improvement of Air Quality," including the Beijing-Tianjin-Hebei region and surrounding areas, the Yangtze River Delta region, and the Fenwei Plain. In the Yangtze River Economic Belt area, the construction of new or expanded steel smelting projects outside compliant industrial parks is prohibited. The validity period of a capacity replacement plan is 24 months; within 24 months from the date of announcement, project filing, energy conservation review and carbon emission assessment, environmental impact assessment, and other procedures must be completed, and formal construction must commence.
The measures take effect from the date of issuance, and the "Notice of the Ministry of Industry and Information Technology on Issuing the Implementation Measures for Capacity Replacement in the Steel Industry" (MIIT Yuan [2021] No. 46) is simultaneously repealed. Smelting equipment used for capacity replacement must be included in the 2016 filing list; legally compliant smelting equipment built in 2016 or later may also be used for capacity replacement. The measures list six categories of smelting equipment that shall not be used for replacement.
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