Tall order for steel mills to maintain output targets
No fixed schedule for output cuts
Since early July, China has started widening its efforts to cut steel output across the country, as it aims to keep production in 2021 below that of 2020 — part of its overall plans to curb carbon emissions.
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However, it remains to be seen how strictly these output cuts will be implemented through 2021, as curbs will lead to steel supply shortages and skyrocketing prices in the