China releases first list of steelmakers meeting industry standards

China has published the names of the first batch of steel companies whose operations the central government has decided meet new standards for the industry announced last January, Mysteel Global has learned.

The tabling of the first list of compliant companies is seen as a key step toward the introduction of tiered production controls for the industry under which government support – financial, technological and organizational – will be channeled to top-tier steelmakers while firms failing to comply will be squeezed