China’s govt to pressure crude steel output in 2021 to reduce dependence on iron ore
Views : 186
Update time : 2021-02-19 22:24:38
According to the official statistic, the total output of crude steel in China last year was around 1.05 billion tons, increased by 5.2% year on year, counted as over 56% of the output in the whole world.
However, the strong output of crude steel pushed the iron ore prices to increase, even touched to an 8-year new high on December 21st, 2020.
To reduce the dependence on iron ore, the Chinese government started to pressure the output of crude steel, and encourage the domestic steel mills to import more scrap from overseas.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
