Market prices for steel continue to fall, and recently 23 Chinese steel mills were closed for maintenance.
Market participants said that cutting production is the only way to address the current situation in the steel industry, as well as reduce selling pressure and inventories, and this decision could restore buyer confidence.
As factories in China cut capacity, global iron ore prices have fallen nearly 20% over the past month. Meanwhile, the European Central Bank and the Federal Reserve will raise interest rates. Generally speaking, the price of iron ore will be permanently low.
So Chinese authorities have advised steel mills to follow the rules: no production without orders, no sales below cost, and no deliveries without payment.
+38 (097) 475-20-95
|
|
|
Subscribe to news 
Metallurgy news
- 14 September 2025
17:00 We build less, we earn more - 13 September 2025
15:00 Import affects investment in the steel industry of Brazil 15:00 China is seeking to relax gold import and export licensing rules as the world's largest consumer of the precious metal. 15:00 The sought -looking hacker of the world is associated with an attack on an aluminum giant - 12 September 2025
21:00 UKRZALIZNYTSIA is preparing a new model of scrap auctions 20:00 Egypt protects the domestic flat steel industry with a 13.6% guarantee. 20:00 The American editions changed the final results of the HWR advertising review from Mexico Maquilacero 20:00 Jack Adkins showed his impressions of the miners' hard work in his most famous work, Thirty Inch Coal
Publications
14.09 Fіtings that gangs on the website SPRENERGO 14.09 Tytyunu Kurinnya tubes: Separate vibor 14.09 DIY brick construction and masonry 14.09 Motorctor: yak vibrati model 14.09 Automobilni Axesari Ta Khriplennya VID Compani Wefix
