Possible Winter Olympics steel production cuts in China cause mixed outlook

China’s steel market participants have mixed expectations about supply and demand in the next three months ahead of and during the 2022 Winter Olympics after hearing that some steel mills near the host cities will be required to suspend production.

The 2022 Winter Olympics will be held in Beijing and Hebei Zhangjiakou February 4-20.
“Steel mills ranking D grade in Tangshan are required to stop production from mid-January to mid-March, and a few other mills in Hebei were heard to be suspending production one month ahead of the Winter Olympics,” an industry analyst said.
But, he added, none of that news has been confirmed by local governments or steel mills.

Tangshan once had 15 grade D steel mills, but it changed 10 of those...

Published

Jessica Zong

November 29, 2021

10:32 GMT

Shanghai