NOTE: There will be no news updates on June 14 due to China's Dragon Boat Festival.
UTC+8 ( BJT)

No Q2 output curbs for Handan mills – yet

ABSTRACT

Despite the market’s fast and furious reaction to last week’s news of production curbs being imposed on steelmakers in Handan city in North China’s Hebei province, as of Tuesday morning mills in the city were generally keeping their production steady, according to local industry sources there.
Handan and Tangshan, located about 500 kms north-east of the city, are China’s two largest production bases for steel, so on April 21 when the city government issued a production control plan for industrial enterprises including mills for Q2, steel futures and spot markets reacted immediately, sending prices soaring on

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