Tangshan partially exempts steel mills from winter cuts -Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Production data
  • Market commentary
  • Macroeconomics
  • Aluminium
  • Morning comments
  • Futures movement
  • Mengtai Group
  • Copper
  • Stainless steel
  • Nickel
  • In the United States
  • trade negotiations

Tangshan partially exempts steel mills from winter cuts 

Industry News 11:58:34AM Nov 06, 2018 Source:SMM

SHANGHAI, Nov 6 (SMM) – Steel mills in Tangshan of Hebei province will face eased cutbacks of around 18.59 million mt of blast furnace capacity in the 2018/2019 winter, compared with original cuts of 19.74 million mt, as the government exempted some mills from cuts. 

Cuts this year account for some 31.55% of overall capacity, down from 33.8% in the previous order a month ago

Hebei Jinxi Iron & Steel and Tangshan Ganglu Iron & Steel received exemptions of 1.05 million mt and 650,000 mt, respectively. For mills that planned to move out of 'environmentally-sensitive' areas, cuts were lowered by 15% from their previous-scheduled levels, SMM learned. 

An environmentally-sensitive area is an agricultural area that requires special protection because of its landscape, wildlife or historical value. 

Price

more
62% Fe Fines (Qingdao Port): IOPI62
Oct.17
713.0
-28.0
(-3.78%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Oct.17
93.1
-3.9
(-3.98%)
58% Fe Fines (Qingdao Port): IOPI58
Oct.17
626.0
-9.0
(-1.42%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Oct.17
82.2
-1.3
(-1.55%)
65% Fe Fines (Qingdao Port): IOPI65
Oct.17
750.0
-28.0
(-3.60%)

Tangshan partially exempts steel mills from winter cuts 

Industry News 11:58:34AM Nov 06, 2018 Source:SMM

SHANGHAI, Nov 6 (SMM) – Steel mills in Tangshan of Hebei province will face eased cutbacks of around 18.59 million mt of blast furnace capacity in the 2018/2019 winter, compared with original cuts of 19.74 million mt, as the government exempted some mills from cuts. 

Cuts this year account for some 31.55% of overall capacity, down from 33.8% in the previous order a month ago

Hebei Jinxi Iron & Steel and Tangshan Ganglu Iron & Steel received exemptions of 1.05 million mt and 650,000 mt, respectively. For mills that planned to move out of 'environmentally-sensitive' areas, cuts were lowered by 15% from their previous-scheduled levels, SMM learned. 

An environmentally-sensitive area is an agricultural area that requires special protection because of its landscape, wildlife or historical value.