NEWSBREAK: China could prolong steel production cuts until March 2022

By IM Staff
Published: Tuesday, 07 September 2021

Ongoing steel production cuts in China could be extended beyond December to March 2022 to combat pollution during the winter heating season and in the lead-up to the Beijing Winter Olympics 2022, according to a notice sent to major market participants on Monday September 6.

The notice, which is seeking feedback on a set of draft measures, said that mills in the key steelmaking belt of Beijing-Tianjin-Hebei and nearby regions would be required to curb or stagger production over two phases between November 15, 2021 and March 15, 2022.

The first phase - from...

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