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East China’s Jiangsu province, the second largest steel production base in the country, has imposed a short-term curbing on polluting industries including steel, coking, and non-ferrous smelting starting November 27 on the forecast of extremely poor air quality in the next few days, though steel mills, many already on the winter restriction scheme since the beginning of November, have not felt much affection so far.
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Steel mills in North China has lost the appetite to ship their extra rebar supplies to East China as price gap between the two regions are closing up with domestic steel price declines since early November, market sources shared on November 23.
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The city government of North China’s Tangshan has issued another emergency alert curtailing the sintering operations of local steelmakers during November 22-27 out of concerns for a spike in air pollution during the five days. But local producers have just shrugged.
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The start of production restrictions for winter among Chinese steelmakers and their raw materials processors has revealed a vast difference in approach to the issue among steelmakers and local authorities in the country’s two largest steelmaking centres, Tangshan and Handan in North China’s Hebei province. But for the 200-odd steelmakers and merchant coke producers the cities host, the differences in policy execution by their city governments may be rendered irrelevant by nature if this week’s pollution alert emergency becomes a worrying regularity.
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The city government of Tangshan in North China’s Hebei has finalized the degree to which steelmakers in the city are to reduce production during the winter restrictions period, market respondents confirmed Tuesday. Given the city’s prominence as the supplier of the most steel in the world’s largest steel producing country, Tangshan’s advisory should be a crucial indicator of how China’s steel sector will manage this season’s production cuts. Unfortunately, it is not.
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China’s Jiangsu Shagang Group, located in Zhangjiagang northwest of Shanghai, has decided to deepen its cuts to upstream production during this week’s China International Import Expo (CIIE) to help improve air quality over the city for the event, market sources have confirmed.
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The production restrictions at Chinese steel mills starting November could be beneficial to the stable development of the country’s steel market, according to Chi Jingdong, vice chairman of China Iron & Steel Association (CISA).
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More evidence is emerging of the Chinese central government’s determination to ensure no compromise on its drive for clearer skies over urban centres this winter but at the same time individual enterprises including steel producers have been treated fairly with no more “one for all” simplified moves by the local authorities.
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The growth in Chinese steelmakers’ profits decelerated in the third quarter of 2018 even though that for the first nine months surpassed the average level of the country’s industrial sector, mainly as steelmaking raw material prices including iron ore, coke, scrap and ferroalloys caught up in speed, market sources agreed.
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Tangshan’s steelmakers in North China’s Hebei province were informed by city authorities on October 31 that new emergency production restrictions were being placed on their sintering plants over October 31-November 5, as the China Meteorological Administration had warned that weather patterns indicate smog will likely hang in the atmosphere rather than dissipate during the period.
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The features is written up based on the market information and sentiment collected at China Iron & Steel Association's 18th China International Steel & Raw materials Conference 2018 in late September in Dalian, Northeast China’s Liaoning province, and it will be shared in three parts, this is Part 3.
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The features is written up based on the market information and sentiment collected at China Iron & Steel Association's 18th China International Steel & Raw materials Conference 2018 in late September in Dalian, Northeast China’s Liaoning province, and it will be shared in three parts, this is Part 2.
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The features is written up based on the market information and sentiment collected at China Iron & Steel Association's 18th China International Steel & Raw materials Conference 2018 in late September in Dalian, Northeast China’s Liaoning province, and it will be shared in three parts, this is Part 1.
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Jiangsu province announced that steel mills meeting certain criteria can be exempted from production curtailments during the coming winter months or from emergency curbs imposed during days of poor air quality, according to a recent announcement published by the provincial Environmental Protection Department.
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Steel mills in both Tangshan and Handan in North China’s Hebei province were informed by city authorities on October 19 and 20 respectively that their production would face a new round of emergency production restrictions beginning October 19 for an undecided length of time. Official notices released on Tangshan’s government website and on that of the Handan Environmental Protection Bureau cited a warning from the Beijing-headquartered China National Environmental Monitoring Centre that emerging weather patterns suggested atmospheric pollution could intensify over October 20-22 and might even last longer.
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Chinese steelmakers whose facilities satisfy the environmental protection criteria compiled by the Ministry of Industry and Information Technology (MIIT) may still be prevented from operating their plants fully during the coming period of production curtailments for winter, Mysteel has learned.
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Market participants in East China anticipate little affection on the local steel mills even if the speculated three-month winter restriction in China’s Yangtze River Deltacovering mostly East China becomes a reality in the end.
A draftplan on the possible curbing over steel, coal and coke sectors over November-February in East China
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Handan City, one of the two major steel production bases in North China’s Hebei province besides Tangshan, has drafted a production curtailment plan it hopes industrial enterprises will observe during the winter months which could see operative capacity among blast furnace steelmakers under its supervision slashed by 42%-51%.
The 100-page long
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The Purchasing
Managers’Index for China’s domestic steel industry declined further for
the second consecutive month in September,
down 1.4basis points on
month to 52, according to the latest release by the index compiler - CFLP Steel
Logistics Professional Committee (CSLPC) on September 30, mainly as steel
production and stocks were on the rise while demand softened
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The Tangshan Q235 billet price dropped to nearly two-month low at Yuan 3,840/tonne ($565/t)EXW and including the 16% VAT on September 30, the last working day before China’s National Day holiday on October 1-5, even though it rebounded Yuan 20/t day on day, amid the growing concern upon the domestic
