Chinese market participants expect steel output to stay high in March amid a profit recovery, even after the government ordered mills in Tangshan to cut production for environmental protection, Fastmarkets heard.
On March 11, Huang Runqiu, minister of ecology and environment, visited four mills in Tangshan - the steelmaking hub in northern China - and found all of them had been running at high operating rates despite the city initiating emergency industrial production cuts to reduce pollution, the ministry said.The average daily production of crude steel at member mills of the China Iron &...