China's resolve to cut steel production weaker in 2023, sources say

China could adopt a softer stance on the imposition of steel production cuts this year amid signs that its economy is not growing as rapidly as expected after a strong first half, market sources told Fastmarkets.

News regarding the looming crude steel production caps first emerged in late July following meetings between the central Chinese government and provincial representatives.

In Shandong province, market chatter regarding...


Norman Fong

Olivia Zhang

Shu Yi Zheng

August 17, 2023

09:45 GMT