At present, China's major steel mills are reducing or stopping production! Ensure that 2021 steel production output does not increase year on year!

According to the news that at present, some provinces and cities have made clear the production reduction policies:

1. The overall crude steel output of enterprises in Jiangsu Province can not exceed that of last year, and many enterprises have the task of reducing production in the second half of the year, but the specific situation of steel enterprises is different;

2. Gansu iron and steel overcapacity resolution office issued a document, requiring local steel enterprises to ensure that 2021 crude steel production does not increase year on year;

3. Anhui iron and steel industry overcapacity reduction Office held a symposium on crude steel output reduction, requiring that the crude steel output should not exceed 2020;

4. Shougang, Angang, Benxi Iron and Steel Co., Ltd., Baotou Iron and Steel Co., Ltd. and Handan Iron and Steel Co., Ltd. have all started to reduce production, but the policy has not made clear the time and impact of the reduction;

5. The monthly output of Baotou Steel is 1.3 million tons, and a reduction of 250000 tons was announced in July;

6. The monthly output of Handan Iron and Steel Co. is 1 million tons, and 200000 tons will be reduced.

Most mills have predicted that : The action of reducing production and stopping production of steel mills will certainly reduce the amount of steel in the market in the second half of the year, and the second half of the year is also the peak season for the demand of major global inventory companies and projects. The shortage of supply will inevitably lead to the continuous rise of prices.

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Written by Sophia