Some local governments released plans to lower crude steel output, national-level plan expected in Q3
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Some local governments released plans to lower crude steel output, national-level plan expected in Q3
STOCKS

Some local governments released plans to lower crude steel output, national-level plan expected in Q3

 

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Some local governments have released the plan for cutting crude steel output and industry insiders say the central government have drafted national-level policy measures which are expected to be officially introduced in the third quarter of the year.

Local government of northwestern China's Gansu province issued a notice on June 28 requiring local steelmakers to maintain their crude steel output in 2021 no higher than the output a year earlier.

One day later, authorities in eastern China's Anhui province held a meeting urging the local steelmaking sector to reduce crude output and . . .

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