Shanxi Linfen to continue steel output cuts

摘要

Linfen city, located in northern China's Shanxi province, ordered local steel mills and foundry enterprises to continue production restrictions over the period of October 11-November 14 in a bid to further improve its air quality in the winter, according to the document seen by market sources.Linfen decreed that mills and foundry enterprises must continue to lower their blast furnace utilization rates by 50% this time, but differential control measures would be adopted. Based on the document, eight mills will leave about 0.54 million mt of pig iron capacity suspended during this period, according to S&P Global Platts estimates.