Industry News

China’s steel market to keep stable in H2 under production cut policy2021-08-19

Many provinces in China have successively launched policies to cut crude steel production. Under China’s current policies to control steel production capacity and output, the steel market in China in the second half of this year will be affected obviously.

Due to the introduction of China’s policies to reduce crude steel output and to stabilize the supply and prices of commodities, the prices of iron ore imports and other steel raw materials will avoid rising sharply, thereby easing the pressure on the production costs for steel enterprises as well as maintaining the stability of steel prices.