China is set to implement some of its strictest cuts to steel production this week in a bid to head off choking winter pollution and further consolidate a fractious industry.
The first wave of production cuts will halve the rate of steel production in the north-eastern city of Tangshan, the largest steel-producing city in China. This will ultimately affect 20m metric tonnes of steel, the equivalent of about 7.5 per cent of national annual production.
Three other key steel-producing cities — Shijiazhuang, Anyang, and Handan — are to announce similar cuts. In addition, producers will also be mandated to reduce overall coking coal production by 30 per cent.
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