Crude steel: industry expects China to announce a 2%-3% reduction in production in 2022

According to industry sources, China is likely to announce in July a 20-30 million tonne, or 2-3% year-on-year, reduction in steel production target for 2022. Steel production cuts at this level may not provide much impetus to the Chinese steel market, as annual steel demand, undermined by the struggling real estate sector, could fall even […]