Tag: China.steel
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Developments in China’s steel supply-side reform and production reduction
The latest update on China’s steel supply-side reform and production reduction progress indicates ongoing developments: The National Development and Reform Commission (NDRC) has mandated each province to submit their production reduction targets by June 20. Current confirmed reduction targets include: Fujian: 3.5 million tons (already announced) Hebei: 15-17 million tons Shanxi: 2 million tons Other…