Fastmarkets rounds up the latest policies issued by the autonomous region and the effects seen in markets up until Monday March 8.
The Development and Reform Commission in China’s Inner Mongolia region releases a draft proposing a series of measures related to the metallurgical sector
to ensure dual control of the total amount and intensity of energy consumption.
The Ulanqab Industrial and Information Technology Bureau orders small furnaces with a power consumption of 250,000 KiloVolt-Ampere (kVA) and below to be idled. It also imposes a restriction on the use of large-sized furnaces.
The city of Ulanqab is a major ferro-alloy production hub in Inner Mongolia.
Due to the shrinking availability of ferro-chrome, Chinese leading stainless steel producers increase their ferro-chrome tender prices for February delivery
by $340 per tonne month on month, to the highest level since October 2017.