ASIA STEEL SCRAP DIGEST: Production curbs sour sentiment in China

The possibility of tighter production cuts in China in early 2022 has led to a drop in raw materials prices across the ferrous chain in China, sources told Fastmarkets on Tuesday September 7.

Stricter production policies in China put pressure on scrap demandJapan-origin offers to China remain unchangedTaiwan buys containerized scrap at $450 per tonneChina
The Chinese government's stricter stance on steel production curbs has weighed on sentiment in China's raw material markets, including steel scrap, sources said.

A draft notice seen by Fastmarkets on Monday said that the ongoing steel production cuts in China could be extended to March 2022 to reduce pollution during the winter heating season. This would require the idling of blast furnaces to...

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