SSF 2021: Chinese steel production cuts unlikely to have long-term effect on prices

China’s steel prices will be on an upward trend for the rest of 2021 though government officials are taking measures to curb any sharp increases, China's head of Indian Ispat Group, Vijay Singh, said.

"Beijing is attempting to chart a course to the carbon-neutral economy promised by President Xi Jinping last year. That would involve producing a lot less of the alloy [steel products], which contributes 17% of national carbon emissions,” Singh said at the Singapore Steel Forum 2021. “Chinese steel producers in Tangshan will have to cut their production by 30-50%...

Published

Jessica Zong

July 14, 2021

09:30 GMT

Shanghai

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