SHANGHAI, May 5 (SMM) – Production curbs in China's steelmaking hub of Tangshan for May are expected to limitedly impact local steel output in the short run as steel mills have ample stocks of raw materials and as expanding profits encourage their production enthusiasm.
While the restrictions for May mainly target sintering capacity, steelmakers in Tangshan mostly hold raw material inventories that could meet production for up to 10 days.
An SMM survey found that May's output curbs cover 31 steelmakers with a capacity of 107.71 million mt, expanding from seven mills with a capacity of 25.58 million mt for April.
