China output cuts to boost long steel market

摘要

Chinese winter steel output reductions will continue to support a balanced global long products steel market in the first quarter of 2018, the International Rebar Products and Exporters Association (Irepas) said. A number of Chinese provinces and cities ordered blast furnace output cuts of 50pc during the winter heating season between November 2017 and March 2018 in an attempt to reduce smog in the region. The cuts will continue to limit exports from China, and in turn, limit Chinese supply pressure on the international markets, Irepas said in its short-term outlook.