Jinye Group took over Yunnan Yongchang Steel

China's automobile production and sales were 2.04 million units and 2.13 million units, down 8.7% and 5.5% month on month respectively, and falling 6.8% and 3.1% year on year.

A water inrush accident occurred at the Dahongcai iron ore mine in Daixian County, Shanxi Province on June 10, leaving 13 people trapped, according to preliminary estimate.

Operating rates of blast furnaces at steel mills fell 1.2 percentage points from a week ago and decreased 0.9 percentage point from a month ago to 85.7% as of May 27, SMM survey showed.

According to the SMM survey that covers 102 blast furnace steel mills, 42.2% of them are undertaking maintenance or have trimmed output (excluding mills that reduced output by adjusting rates of equipment utilisation and raw material ratios), down from a ratio of 50% last week, as some long steel mills have recovered production from maintenance.

The steelmaker has pig iron capacity of 1.3 million mt on an annualised basis

Steelmakers across the region have started production curtailments

Steelmakers in part of Tangshan have been required to deepen their curbs over sintering between Sep 22-27

This is expected to impact daily output by an average of 11,000 mt during Sep 1-15

Its monthly output is likely to fall to 3,500 mt in Cu content in Jul

Maintenance from Oct 11-23 will affect daily output of 8,000 mt