China will impose higher power costs for steel mills operating outdated production equipment, the country’s economic planner said in a statement on Tuesday.
The National Development and Reform Commission (NDRC) ordered utilities to raise power prices by 0.5 yuan ($0.0719) per kilowatt-hour on top of current prices for steel mills preserving equipment that ought to be eliminated.
AISI Hires Tax and Trade Policy Director
The American Iron and Steel Institute today announced the appointment of Raphael Goodstein as director of tax and trade policy.
Goodstein has 15 years of Congressional and government affairs experience, including 10 years representing the common policy interests of the domestic auto industry as legislative director with the American Automotive Policy Council. He has also worked on Capitol Hill, for Senator Debbie Stabenow, and for a number of political and public affairs organizations.