China to import more steel for domestic production cut, Cisa says

Luo Tiejun, the vice president of the China Iron & Steel Association (Cisa) said the country will take measures to push down steel production in 2021 and raise imports.

Luo, who spoke at the Regional Comprehensive Economic Partnership's (RCEP's) Steel Development Forum on Friday April 9, emphasized five major points, according to a report on Cisa's website.
Lower crude steel output
Cisa is of the opinion that steelmaking restrictions should not be a one-size-fits-all approach and ought to differ between mills.
The following types of mills need to have their production curtailed - illegal new projects and steelmakers that have not complied with capacity replacement programs since 2016; and mills with poor environmental track records and those that do not meet industry standards.

But as for class-A mills that produce ultra-low emissions and...

A shift to the later stages of gold and silver bull markets

Gold stocks plunge on metal drop

Gold stocks still up after pullback late in the week

US regional bank slump goes global, driving market into gold

Gold stocks weaker but outperform slump in other sectors