Steel prices today increased to 4,983 yuan / ton on the Shanghai Exchange. China has asked steel mills in many northern cities to cut output from November 15, 2021 to March 15, 2022.
Steel price today increased by 102 yuan Delivered in December 2021 on the Shanghai Exchange increased by 102 yuan to 4,983 yuan/ton at the time of the survey at 9:30 am (Vietnam time).
| Type name | Period | October 15 | Difference from yesterday |
| Copper price | Delivered in November 2021 | 73.820 | +2.010 |
| Zinc price | Delivered in November 2021 | 25.540 | +635 |
| Nickel price | Delivered in November 2021 | 144.720 | +1.060 |
| Silver price | Delivered in December 2021 | 4.976 | +95 |
| Steel price | Delivered in January 2022 | 4.983 | +102 |
China has asked steel mills in many northern cities to cut output from November 15, 2021 to March 15, 2022, to solve the smog situation and ensure the achievement of the target of reducing production. steel volume of the country. Futures price list of some metals on the Shanghai Exchange (Unit: yuan/ton).
Iron ore chart at Shanghai exchange (Source: Shfe)
According to a statement by China’s Ministry of Industry and Environment on Wednesday (October 13), steel mills should keep the plan to cut output for the rest of this year to ensure output is not affected. more than last year.
In the first eight months of 2021, China produced 733.02 million tons of steel, up 5.3% over the same period last year. From January 1, 2022 to March 15, 2022, factories will have to cut output by no less than 30% of steel output compared to 2021.
The policy will include steel mills in the anti-pollution campaign centered on 28 cities in the capital Beijing and surrounding areas, as well as eight other cities in Shandong and Hebei, which account for more than half of the total. 40% of China’s total crude steel production by 2020.
Previously, the world’s largest steel producer China has committed to limit crude steel output this year to no higher than the 1.065 billion tons that the country produces in 2020.
Photo: Inside Climate News
China is advocating to limit the expansion of high-polluting and energy-intensive sectors, including steel. Steel mills, especially those with blast furnaces, will be ordered to cut output based on their emissions.
While arc furnace mills can take voluntary measures to reduce emissions, they will have to ensure their steel output is not higher than in the same period a year earlier.
Local governments are encouraged to fulfill their duties by providing economic support to businesses, ensuring that manufacturing plants are closed and production cuts are enforced.
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