Eastern China (Shanghai)
: 5,730-5,780 yuan ($888-896) per tonne, down by 50 yuan per tonne
Northern China (Tangshan)
: weekly assessment: 5,700-5,740 yuan ($883-889) per tonne, down by 80-90 yuan per tonne
A number of Chinese provinces, including Jiangsu in East China, have stepped up their production curbs on projects with high levels of energy consumption and emissions, including steel mills, while they rush to hit their annual emissions targets.
The newly released draft plan
for air pollution controls across more northern regions during October 2021 to end-March 2022 showed Beijing’s resolution to reduce carbon emissions and to maintain a blue sky in winter.
However, demand concerns were still lingering, prompting HRC...