Steel mills in Zhangjiagang to cut some production this week

Power rationing has been staying in the spotlight of the market for quite some time, but the current massive power rationing policy does not come out of nowhere. Nonetheless, the policy has brought great influences, temporary or far-reaching, to the whole metals industry. Here is a brief and comprehensive summary of the policy and its impacts on individual metals.

On August 31, Inner Mongolia issued a document stating that the power shortage is expected to continue until the end of the year. It is recommended that the industrial enterprises to use electricity in an orderly manner in August - December.

Li Keqiang presided over an executive meeting of the State Council, demanding that cross-cycle adjustments should be carried out in an orderly manner to ensure the smooth running of the economy.

According to the customs data, China exported a total of 43.05 million mt of steel from January to July 2021, up 30.9% on the year.

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

HRC stocks across Chinese social warehouses and steel makers declined 65,100 mt or 1.61% on the week, but increased 2.78% from a year ago, to 3.98 million mt as of August 26, according to SMM data.

The Jiangsu steelmaking giant will put its one 180-tonne converter under 20 days of maintenance in Sept

Huaigang Special Steel plans to put its a blast furnace under maintenance at the end of Aug

Zhuhai Yueyufeng Iron & Steel plans to put its two-strand high-speed wire rod production line under maintenance

Sintering machines and shaft furnaces in central and south-east Henan will be suspended to address air pollution