Home GRASP/China China orders aluminum, steel cuts during winter: Bloomberg

China orders aluminum, steel cuts during winter: Bloomberg

355
0
SHARE

China has ordered steel and aluminum producers in 28 cities to slash output during the winter months as Beijing intensifies its war on smog, according to a Bloomberg News report on Wednesday.
In an order issued in February, the state planner and the Ministry of Environment called on steel producers to halve output in four major cities, including top producer Tangshan in Hebei province, according to a report by Bloomberg that cited unidentified people with knowledge of the matter.
Producers must also cut capacity to produce aluminum and alumina, an ingredient used to make the metal, by more than 30 percent across 28 cities, according to the order issued by authorities including the Ministry of Environmental Protection (MEP) and the National Development and Reform Commission, the report said.

Continue reading...