According to the Chinese Ministry of Industry
The headline says local authorities are asking steel mills in some cities in northern China to cut steel production from Nov.15 to March 15 next year.
This is all in part due to China’s efforts to reduce pollution and meet the climate target, as seen with the way things have progressed with the electricity crisis in recent weeks. Expect more of that to continue stepping into the New Year.
Invest in yourself. See our forex education center.