Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

North China’s Tangshan city may ease restrictions on steel manufacturing for factories that have completed upgrades for ultra-low emissions.


However, factories may have to adjust production limits that Tangshan had set in March this year if the Heibei province city implements its proposed change, media reports noted on Jun 1. 


China will continue its efforts to protect the environment even after these relaxations. Heibei province’s government has already rolled out plans to shut 12 blast furnaces (BFs), eight converters, and 29 sintering machines across Tangshan before the end of 2021, in a bid to cut down pollution.


The move may also rebalance the country’s supply and demand, stabilizing steel prices, which, in turn, are expected to curb volatile iron ore prices and speculation, noted analysts on June 1.

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