MANILA China banned induction furnaces last year in a crackdown on polluting producers of low-quality steel, but these machines have made their way to parts of Southeast Asia, hitting domestic steelmakers and fueling safety and environmental concerns.
* Top Chinese steelmaking city plans avg 40 pct output cut
MANILA, Dec 12 Chinese steel prices climbed more
than 2 percent on Wednesday, recovering from three days of
losses, with top steelmaking city Tangshan planning further
production cuts this month as it races to meet its air quality
target this year.
MANILA Chinese steel futures dropped for a third consecutive session on Tuesday on concerns that slower demand will persist next year, with prices of steelmaking raw materials coking coal and coke retreating.
* Slow auto sales, infrastructure investment weigh on
* Industrial waste such as steel slag increasingly being
MANILA Chinese steel futures dropped for a second straight session on Monday, pressured by high supply that has shrunk profit margins at steel producers and curbed appetite for raw material iron ore.
ANSHAN, China/MANILA China's self-styled war on pollution is extending to a new front: the solid waste that makes up thousands of slag heaps around the country, a byproduct of its record steel output.
MANILA, Dec 10 Chinese steel futures dropped for
a second straight session on Monday, pressured by high supply
that has shrunk profit margins at steel producers and curbed
appetite for raw material iron ore.
* Safety inspections curb output at China's coal mines
(Recasts, adds analyst comment, updates prices)