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Tangshan announces short-term steel production cuts-锻造展-2027年第二十七届广州国际锻造工业展览会-Forging Exhibition-2027 China(Guangzhou)International Forging Industry Exhibition
7/28/2026 锻造展-forging expo-forging exhibition--forging event |
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On July 24, there are rumors about production curbs in China''s Tangshan city, requiring local steel enterprisesto suspend or reduce operations from 00:00 on July 25 to 12:00 on July 29, with blast furnaces cutting outputsby 20 percent and sintering facilities and lime kilns reducing production by 40 percent. Steel mills indicated thatthey have received the notice, with some already halting production for blast furnace maintenance, while othersstated that they would appropriately curtail output or rotate blast furnace downtime, with specific plans yet to be determined.
In addition to the Tangshan notice, some steel enterprises have voluntarily implemented maintenance works starting from early July, aiming to ease the pressures from supply and reduce losses.Steel prices in the Chinese domestic market have failed to react to the news of the production cuts due to theimited volume of steel demand, which is unlikely to improve soon. On July 24, Chinese spot rebar and HRCprices have decreased by RMB 7/mt and RMB 5/mt compared to the previous day, coming to RMB 3,180/mt($468/mt) and RMB 3,395/mt ($500/mt) ex-warehouse, respectively. "Demand is very slow, so these production curbs are expected. Prices should change only if iron ore and coke prices drop," a Chinese source said.
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