Reuters India has very helpfully provided a chronology of recent steel industry production cuts going back to the middle of September. This is the link to the article. While the FT today reports the slowdown of Chinese steel production. The essence of the FT report is this…
Shan Shanghua, secretary-general of the China Iron and Steel Association, said he expected China to produce about 500m tonnes of steel this year, up only 10m tonnes from last year and short of earlier forecasts of 520m-550m tonnes.
And this…
Mr Shan said Chinese mills had already begun contacting iron ore suppliers ahead of the 2009 price negotiations, adding that they would seek a unified price from Brazilian, Australian and Indian iron ore companies and would seek to unify spot and contract prices.
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Tags: 2009, China, forecast, production
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