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18 Aug
04:36

G20 restrictions affect eastern China steelmakers

A round of steel production restrictions in eastern China to assure air quality during the G20 summit is helping to sustain high steel prices, Kallanish notes. Hangzhou will hold a G20 summit over 4-6 September and restrictions are aimed at ensuring blue skies for the event. Over 14 steelmakers in Shanghai, Jiangsu and Anhui have received notice of temporary shut-downs. The affected mills typically have monthly production of 5.71 million tonnes, and around 451,0…
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