Snapshot: A roundup of environmental protection policies on steel output cuts

The British government said that the measures taken by the US to cancel import tariffs on British steel and aluminium will take effect on June 1.

On February 27, US, the European Union, Britain, and Canada issued a joint statement announcing the latest sanctions against Russia, prohibiting Russia from using the "Society for Worldwide Interbank Financial Telecommunication" payment system (SWIFT). SWIFT is the safest, most convenient and most important cross-border payment system in the world, with about 11,000 members, including nearly 300 Russian banks.

This is a roundup of news in the steel industry for last week.

According to the National Bureau of Statistics, crude steel output in November was 69.31 million mt, a decrease of 3.2% month-on-month and 22% year-on-year. From January to November, the output of crude steel was 946.36 million mt, a year-on-year decrease of 2.6%.

Some coking companies in Inner Mongolia hiked coke prices by 100 – 120 yuan/mt as of Monday December 6? The question now lies in is it time for coke prices to reverse from eight consecutive rounds of decline?

BHP Group, the world's largest mining company, is further withdrawing from the field of fossil fuels. The mining company said on Monday that it will sell the controlling stake in the two metallurgical coal mines to Stanmore Resources Ltd. for a price of up to $1.35 billion, thereby shifting its business focus to high-quality coal.

On the supply side, the regional supply of coke has decreased, and the production limit in Shandong remained at 70%-80%. While the supply was still low in Hebei due to environmental protection inspections.

In the first half of 2021, the air quality in Guangxi has dropped significantly year-on-year, and air pollution prevention and control must be severe. In order to ensure the completion of the annual binding indicators of environmental air quality issued by the central government, the action plan is formulated.

The Hunan government has prioritised the execution of environmental protection measures recently against antimony pollution, according to unofficial news sources.

The Fourth batch of the second round of environmental protection inspection was implemented according to Environmental Protection Inspection Work Regulations approved by the Party Central Committee and the State Council.