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<< Back Industrial cities are about to control steel production to protect the environment.
2017-11-16
According to the monitoring report on iron ore import in November released on Nov 3rd by CISA (China Iron and Steel Association), major industrial cities are about to enter the winter season with steel production controlled to protect the environment. The overall impact on iron ore demand in November is expected to be 6 million tons considering seasonal changes, with 4.5 million tons more than that in October. The number of cities concerned has been rising. Xuzhou City, Weifang City and other places have made plans to reduce steel production, thus the impact on iron ore demand may exceed expectations. Dumping iron ore on the market by mills or traders must be noticed.
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