Tag: tangshan production cuts

Spot iron ore price yesterday plunged by $5.8/t yesterday after Tangshan government tightens production curbs on 23 steelmakers throughout CY ’21, starting from 20 Mar ’21, to reduce emissions by 30-50%. The iron ore spot price (Fe 62% fines) fell sharply to $160.2/t CFR China. With China adopting a strong stance on emission controls and…