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06 Nov
04:47

Tangshan loosens production restrictions

The latest documents from the Tangshan municipal government show a looser production limitation over this winter than expected, and some steel companies can therefore avoid some restrictions. This has also hit market confidence, pushing down futures markets, Kallanish notes. Tangshan's Jinxi Steel and Ganglu Steel can offset the restrictions on iron making capacity of 1.047 million tonnes/year and 650,000 t/y because of the early closure …
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