+ 98 21 - 910 100 30
+ 98 31 - 910 100 30
Honesty - Quality - Customer Satisfaction
+ 98 21 - 910 100 30
+ 98 31 - 910 100 30
In a draft published on Thursday, China's Minister of Ecology and Environment announced plans to monitor 64 of the country's key industrial districts in the winter in terms of emissions as well as production levels, according to Newsfellow. According to the draft steel mills in these key industrial areas of the country, they should reduce their production based on the company's emissions levels from October to the end of March.
The Chinese government launched an extensive program of restrictions on steel production in the winter, preventing the growth of steel production. China's steel mills have been growing production this year, so they need to cut 18 percent of their production to meet the government's environmental goals and reduce carbon emissions.
In a note, analyst Synostil said that the Chinese government's tight control of production has changed the direction of prices on a downward slope, reinforcing the pessimistic outlook for a sharp drop in demand. So iron ore futures lost more than 20% of their value this week and traded in the Range of $99 per tonne on the New York Stock Exchange on Friday.
Ahan Pouya with more than a decade of best-selling experience, adheres to professional and ethical principles in the field of selling and buying at inside and outside the borders of Iran, helping you in the steel industry.
