China will ask steel mills in some 28 cities in northern China to cut production from Nov. 15 to March 15 next year, in order to clear the smog-blanketed sky in the region and to ensure the achievement of the country's steel output reduction target.
Steel mills will have to follow their output cut plans in 2021 and curtail no less than 30% of steel production in Jan. 1 to March 15, 2022, from the level in the same period in 2021, according to a statement issued by China's Ministry of Industry and Information on Wednesday.
-----Nasdaq