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Major Vietnamese mill Formosa Ha Tinh Steel Corp lowered its offers for hot-rolled coil to be shipped and delivered in January by $40 per tonne on Friday November 12 amid a downward trend in the Chinese market this past week.
The move is also seen in line with China's overall carbon goals. Most major integrated steel mills, which have their own power plants and are unaffected by power shortages, are expected to complete their output cut requirements by November and return to normal production levels in December, according to mill sources in northern and eastern China.
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On September 2, China's Ministry of Industry and Information Technology (MIIT) and Ministry of Ecology and Environment (MEE) issued a notice regarding the extension of the ongoing steel production cuts in China to March 15, 2022, aiming to combat environmental pollution during the winter heating season and in the lead-up to the Beijing Winter Olympics 2022.
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First reported by NewKerala, POREG (Policy Research Group) said that China, which provides more than 95% of Europe's magnesium requirements, has cut back on production significantly. Much to the ...
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A few mill sources expected China's steel output cuts to widen further in late-September or October, mainly as the overall cuts by mid-September have remained insufficient to keep the country's 2021 crude steel output within 2020 levels. During January-July, China's crude steel output was 8%, or 48 million mt, higher on the year.
China is struggling with a severe shortage of electricity which has left millions of homes and businesses hit by power cuts. Blackouts are not that unusual in the country but this year a number of ...
The first phase is from November 15, 2021 to December 31, 2021, with the aim of completing the production cut task in the region. As reported previously, Tangshan, the main steelmaking hub in China's Hebei Province, is required to reduce crude steel output by 12.37 million mt in 2021.
BEIJING — China will ask steel mills in some 28 cities in northern China to cut production from Nov. 15 to March 15 next year, in order to clear the smog-blanketed sky in the region and to ensure the achievement of the country's steel output reduction target. Steel mills will have to follow their output cut plans in 2021 and curtail no less ...
China has asked steel mills in more cities in northern China to cut production from Nov. 15 to March 15 next year, in order to clear the smog-blanketed sky …
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A growing power supply crunch in China is triggering blackouts for s and forcing factories to cut production, threatening to slow the country's vast economy and place even more strain on ...
China is stepping up cuts to steel production and ordering mills to reduce output during the winter heating season and ahead of the Winter Olympics in Beijing, in measures that could push down the ...
Picture taken August 6, 2018. REUTERS/Damir Sagolj BEIJING (Reuters) -China has asked steel mills in more cities in northern China to cut production from Nov. 15 to March 15 next year, in order to...
China has told railway companies and local authorities to expedite vital coal supplies to utilities as the world's second largest economy grapples with extensive power cuts that have crippled ...
Possible Winter Olympics steel production cuts in China cause mixed outlook China's steel market participants have mixed expectations about supply and demand in the next three months ahead of and during the 2022 Winter Olympics after hearing that some steel mills near the host cities will be required to suspend production.
Restrictions on imports of Australian coal, China's plans to reduce carbon emissions and a surge in exports have contributed to power cuts across the country in the last few weeks.
China will ask steel mills in some 28 cities in northern China to cut production from Nov. 15 to March 15 next year, in order to clear the smog-blanketed sky …
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Possible Winter Olympics steel production cuts in China cause mixed outlook. China's steel market participants have mixed expectations about supply and demand in the next three months ahead of and during the 2022 Winter Olympics after hearing that some steel mills near the host cities will be required to suspend production. The 2022 Winter ...
China's Steelmakers Forced to Further Slim Down New Mills to Cut Emissions - New regulations mandate plants in areas with tough pollution controls be at least one-third smaller than the ones they're replacing in bid to curb years of breakneck expansion
China's Steelmakers Forced to Further Slim Down New Mills to Cut Emissions By Luo Guoping and Matthew Walsh Workers move stainless steel sheets in Jingjiang, East China's Jiangsu province, on April 15. Photo: VCG
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