Mensajepor kelui » Lun Sep 25, 2017 3:47 pm
HUMO pero igual con esto te bajan el IO los turros
China steel production cuts set to take effect
Sep. 25, 2017 2:44 PM ET|By: Carl Surran, SA News Editor
China's government will implement some of its strictest cuts to steel production this week as it seeks to diminish winter pollution and further consolidate a fractious industry.
The reduction will cut in half the rate of steel production in the northeastern city of Tangshan, the largest steel-producing city in China, which ultimately will affect 20M metric tons of steel, the equivalent of ~7.5% of national annual production, and three other key steel-producing cities of Shijiazhuang, Anyang and Handan will announce similar cuts.
Meanwhile, prices for low-grade iron ore, one of the key ingredients for steel, have plunged more than 18% in the past month.