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Chinese steel market participants are divided on whether steel mills in the “2+26” cities in North China will definitely face tougher restrictions from their local authorities in the upcoming winter over November-March 2020 just because Beijing has set a higher bar for air pollution reduction, targeting to reduce the average PM2.5 density by 4% on year for the 2019 winter from last year’s 3% reduction.
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China is proud of its contribution to the global economy which has seen the country’s growth account for nearly one-third of global growth over the past few years, according to Hua Chunying, the spokesperson of China’s Ministry of Foreign Affairs.
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Inspectors from the local government of North China’s Shanxi province have begun investigating complaints that alumina plants in the province are responsible for serious leaks from sludge dumps that are causing pollution. Thus, market sources fear alumina supplies could be significantly affected.
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China has been progressing steadily in the shift towards eco-friendly energy consumption model by having further reduced coal proportion in energy consumption by 1.4 percentage points on year to 59%, according the latest statistics from China’s National Bureau of Statistics (NBS).
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China’s Premier Li Keqiang drafted a few economic development targets including a gross domestic product (GDP) growth at 6-6.5% and proposed a series of measures to support the domestic economic performance for 2019 when delivering his government report at the National People’s Congress annual session on March 5.
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Beijing’s shift of its focus onto detailed air pollution
control guidelines for the “2+26” cities over October 1-March 31 2019, which
differs from the specific and detailed blanket control over polluting
industries including steel on their capacities,will by no meanssuggest “the loosening in control or lower severity
in essence from the 2017 winter”, according
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Chinese domestic aluminum prices are seen fluctuating in a narrow band this month but will basically remain firm as higher production costs are giving support for the light metal’s price, market sources said on September 7.
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China’s Ministry of Industry and Information Technology listed another seven domestic copper smelters on its website for public review over August 28-Sptember 28 before formally granting them the qualification certificates.
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Changzhou city in East China’s Jiangsu province is among the latest to join Beijing’s drive to improve air quality, with the city explicitly instructing 48 local steel mills to continue to cut their daily steel output beginning July 25 and lasting possibly until year’s end, an official from Changzhou City Environmental Protection Bureau confirmed on July 30.
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Copper prices in China are increasing at quick pace after continuously retreating for the most of July and are now catching up with the higher levels they reached a month ago, market watchers said Wednesday. The most-traded copper futures contract on Shanghai Futures Exchange, that for September, surged almost to the Yuan 50,000/tonne ($7,353/t) level on July 25, closing at Yuan 49,910/t, up by Yuan 710/t over the settlement price the previous day.
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The most traded nickel contract on the Shanghai Futures Exchange - that for September - surged by Yuan 1,350/tonne ($205/t) on Thursday from Wednesday's settlement price, closing at Yuan 116,220/t as of June 28.
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A three-year work plan to fight atmospheric pollution unveiled by China's State Council in a meeting Wednesday could have wide-ranging implications for the country's steel industry in the tougher measures promised to prevent the installation of new capacity in existing steel-producing and steel-consuming regions.
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China's output of primary aluminum in May reached 2.79 million tonnes, up but by just 0.7% on month or 1.5% on year, according to the latest statistics released by the National Bureau of Statistics (NBS) on June 14.
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Baoshan Iron & Steel (Baoshan Steel), China's largest flat steelmaker headquartered in Shanghai, is adding Yuan 1,000/tonne ($156/t) to the list prices of its stainless plate for July sales from its Baoshan and Dongshan bases, largely to offset its higher input costs, according to the steel company's latest pricing policy tabled Monday.
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The most active lead contract on the Shanghai Futures Exchange (SHFE) jumped to an 8-month high of Yuan 20,675/tonne ($3,230/tonne) at the close of trading on Wednesday's morning session. Behind the spike were supply concerns as smelters come under the scrutiny of the environmental protection inspections currently underway across the country, market sources explained on June 6.
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Aluminum Corporation of China (Chalco), the state-own aluminum producer, has inked an agreement with the government of South China's Yunnan province to join a strategic restructuring plan which could see Beijing-headquartered Chalco become an even larger force in global aluminum.
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China mulls differentiating curbing measures among Chinese steel mills during the 2018 winter months depending on their individual waste emission situation, Wang Libin, President of Shijiazhuang Municipal Research Academy of Environmental Science, shared at a panel discussion at the Singapore Iron Ore Forum on May 24.
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India's high court has ordered multinational metals and mining company Vedanta Resources to cease all activity at its Indian copper operation, namely Tuticorin Copper Smelter plant II, over environmental protection issues, according to a company update on May 23.
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China imported 130,000 tonnes of aluminum scrap in April, down 28% on month and off 23% on year, according to the latest data from the General Administration of Customs released on May 23. The April result took the total for the first four months of this year to 620,000 tonnes, a decline of 11% from last year.
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Chinese output of primary aluminum in April reached 2.77 million tonnes, inching up by just 1% on year, according to the latest detailed data released by the National Bureau of Statistics on May 15. Aluminum is the most important by volume of China's ten major nonferrous metals so its mediocre performance in April kept production growth of all ten including copper, lead, zinc and nickel to just 3% on year at 4.54 million tonnes.
