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The most-traded rebar contract on the Shanghai Futures Exchange, that for October delivery, jumped by Yuan 88/tonne ($13/t) from last Friday’s settlement price to end Monday’s day-time trading session at Yuan 3,904/t.
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Tangshan city, China’s largest steelmaking base in China’s top steel province of Hebei, has ordered local steel producers to observe a new round of restrictions starting as early as on June 23 as part of the city government's step-up in its battle against air pollution.
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The section steel re-rollers in Tangshan, the country’s largest steel production base in North China’s Hebei province, have been obediently carrying out the restriction since June 13 on the local authority’s order, with many have been close to entirely suspending their operations, according to local sources.
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The city government of Tangshan, China’s largest steel-producing city in North China’s Hebei province, recently announced elevated restrictive measures on local industries, mainly steel mills, to apply for the second half of June, as “air quality continues to worsen,” according to a government document seen by Mysteel recently.
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A 6-magnitude earthquake rattled Changning county of Yibin, in Southwest China’s Sichuan province at 10:55 pm Monday night, with preliminary reports saying the quake claimed 11 lives and injured 122 as of 5:20 am Tuesday, according to a report by China’s official media Xinhua News. However, Sichuan’s steel market was unfazed by the ‘moderate’ earthquake, local market sources indicated.
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Section re-rollers in Fengrun district of Tangshan city, North China’s Hebei province, are expected to be affected little by the local authority’s latest order to suspend their operations since June 13 to improve air quality, as they have already been slowing down their productions prior to this amid losses, market sources shared.
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Wu’an, a major wire rod and medium plate production base in Handan city in North China’s Hebei province, has imposed emergency production curbs on the sintering operations of local steel mills over May 28-31 for air quality improvement, according to a local government notice issued on May 27, with steelmakers required to halt all sintering activity over 20:00-8:00 during the four days.
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Heavy rainstorms hit many cities in South China’s Guangdong province during May 26 and in the morning of May 27, especially coastal cities where flash floods interrupted work at construction sites, disrupted logistics and dented steel demand, market sources told Mysteel Global on Monday. Steel production was not disrupted, however.
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The capacity utilization rate of blast furnaces in Tangshan city, China’s top steel production hub in North China’s Hebei province, declined markedly over May 3-9 as mills took more blast furnaces offline in response to intensified efforts by the city government to enforce restrictions to improve air quality, Mysteel Global learned on Monday.
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Jiangsu province, China’s second largest steel production province after Hebei, has shared its detailed steel industrial upgrading and optimization plans and also volunteered to hit the ultra low emission requirements by the end of 2019, Mysteel Global understands.
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China’s steel demand from key consuming sectors such as the property market and infrastructure construction is expected to remain stable for the rest of 2019, Wu Jingjing from the China Iron & Steel Association (CISA) shared at the Singapore Iron Ore Week 2019 forum in the city-state on May 9.
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China’s central government has finalized a much-awaited guideline for the country’s steel industry which obliges steelmakers to achieve extremely low emission standards and become cleaner, according to a document published by China’s Ministry of Ecology and Environment on April 29.
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More steel mills in Tangshan have recently stopped blast furnaces in line with the city government’s strengthening of production curbs on industrial enterprises this month, Mysteel Global learned Monday.
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China wants more of its steelmakers to locate at the coastal areas - not just for their health but for everyone else’s. Begun tentatively a decade ago when land was needed for special events – the 2008 Beijing Olympic Games and Expo 2010 in Shanghai, to name but two – the relocation of steelmakers from city areas to coastal regions is now a heavily-promoted industrial guidance upheld by many local and provincial governments. Less widely publicized are the merits for the involved steel mills to get to know their new neighbours.
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Hebei Tianzhu Iron & Steel Group, a second-tier steelmaker located in Tangshan in North China’s Hebei province, has joined other steelmakers in the city relocating to the coast by announcing plans for a new 3.7 million tonnes/year greenfield works.
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Emergency measures to restrict industrial production introduced by governments in North China’s Hebei province and East China’s Shandong province over April 20-25 to help improve air quality have not been affecting the operations of steel mills to any notable degree, market sources in these regions have told Mysteel.
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Emergency restrictive measures have been imposed on steel mills in many parts of North and East China since April 20 most probably until April 25 as these areas have been hit with poor air quality again
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Steelmakers in Linfen city in North China’s Shanxi province, one of the three key battlegrounds in China’s fight against air pollution, could find their production plans over the next five months being subject to local government pressure just like those of their counterparts making coke.
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Despite being ordered to do so weeks ago, hardly any steel re-rollers in Tangshan city, China’s largest steel producing city, have so far obeyed the local government directive to curb their production starting this month, market sources disclosed on Monday. A government announcement warns such companies will face ‘serious punishment’, nonetheless.
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Hebei, the top steel producing province in North China, will remove 14 million tonnes/year of steel capacity this year as part of its efforts to combat air pollution over the province, according to a post from Hebei’s Provincial Ecology and Environment Department on April 11.
