Tanshan, the largest Chinese steel center in Habay Province, again indicated that he would reduce production, Steelorbis told the market sources. In particular, agglofrics will reduce production by 30-40 percent, and pellet factories - by 40 percent. It is reported that the restrictions will last from September 15 to 30, but this is based on market information, while the official confirmation has not yet been issued.
based on the data published by the National Bureau of China statistics, in January-August this year, the production of raw steel in China amounted to 671.81 million tons, decreasing by 2.8 percent in the Ur Calculation, while the production of finished steel was 982.17 million tons, increasing by 5.5 percent in annual calculus.
The production of finished steel in China this year will probably reach 1.47 billion tons, increasing by 5.3 percent in annual calculus. At the moment, a decrease in the production of raw steel in annual calculus is more weak than expected, which indicates a greater risk of excessive supply, while the reduction in production is one of the only ways for the steel industry to overcome its difficulties.
