Tangshan orders steel re-rollers to halt production
May 18, 2020 18:20
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All steel re-rollers in Fengrun district, Tangshan, China’s top steel producing city in North China’s Hebei province, were ordered to halt operations over May 18-31 as part of measures to tighten down on air pollution, according to a government notice seen by Mysteel Global.
“Now, because of market expectations that production (at steel re-rollers) will be halted, steel mills and traders as well as the re-rollers have all raised their offer prices. Some even stopped selling, waiting for prices to jump higher,” an industry source in Tangshan observed.
Between 80% and 90% of Tangshan’s steel