China’s iron ore futures continue to slid as steelmaking hub deepens production cut
China’s iron ore futures continue to slid as steelmaking hub deepens production cut

China’s iron ore futures continue to slid as steelmaking hub deepens production cut

 

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Iron ore prices continue to slide this week after Tangshan in north China's Hebei province,one of the country's top steel-producing provinces, deepened measures to curb steel production amid environmental protection efforts, which triggered concerns over demand for iron ore.

Tangshan's local government announced on March 7 that, starting from March 8, the city will see medium to heavy air pollution and the 23 steel mills in the city are required to arrange production cut or production suspension. In addition, the city also imposed restriction on transportation to cut air pollution, with daily . . .

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