China's high-carbon ferrochrome (FeCr) market is facing intensifying downward pressure as leading stainless steel mills have lowered their procurement bids for the ferroalloy for the fifth consecutive month, severely dampening market sentiment, Mysteel Global notes.

Medium to heavy atmospheric pollution over Handan city in North China's Hebei province, a major center for iron ore mining sintering and steelmaking, has prompted the local government to launch winter steel production controls this week, requiring local steel mills to take turns idling blast furnace

China's PE industry is entering a concentrated cycle of new capacity commissioning, with the newly added capacity estimated at 2.50 million t/y, and the total capacity will surpass 45 million t/y by the end of the year.