Despite concerns over environmental restrictions in the People’s Republic of China, the price of iron ore kept rising last week. The top steelmaking city in China, Tangshan, stated in March that it would be punishing companies that had discharged pollutants illegally or those that did not implement steps outlined in its emergency anti-pollution plan, which was released after weeks of heavy smog in the northern parts of the country.
Companies in Tangshan’s heavy industry, which include the cement and steel sectors, have been ordered to stop or limit production on heavily polluted days in order to help decrease overall air pollutant emissions, such as nitrogen…
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