NEWSBREAK: China could prolong steel production cuts until March 2022
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...