02
Jun
12:28
Chinese steel mills cut production as margins shrink
The slump in Chinese steel prices and expectations of weaker demand in the coming weeks are encouraging steel mills to schedule maintenance to reduce production.
Kallanish learns from public data that between the end of May and June, a total of ten steel mills will suspend production of some equipment for maintenance. This will in total cut over 550,000 tonnes of finished steel supply to the market.
Huaigang Special, Zenith Steel, Juneng Special, Shandong Mi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous