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Steel Firms to meet new standards of environment
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    The revised Environmental Protection Law imposes stiffer penalties for damaging the environment and invokes 8 new standards to combat pollution by steelmakers. The law will be effective from this year, and will impact the development of the industry to a large extent.

CISA statistics showed that the average profit margin of steelmakers stood at only 2%, and more than 20% of the companies made deficit for most of 2014. Under the current situation, the investment made by the steelmakers to upgrade the technology and facilities will certainly strict the already meager profit margin of the industry.