The city of Tangshan, China’s largest steelmaking base in the northern province of Hebei, has imposed a 50 per cent production reduction in blast furnace, sintering and pelletising operations for most of steel mills until 1 August as the local government steps up its battle to reduce air pollution, which is expected to support steel demand in the near term but pressure iron ore prices.
The most-active iron ore contract on the Dalian Commodity . . .
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