Chinese steelmakers cutting output to stem losses, stabilize tags

Jul 24, 2012 | 12:25 PM | None

Tags  Chinese steel production, maintenance outages, rebar, hot-rolled coil, bar, wire, blast furnace, Anshan Iron Taiyuan Iron

SHANGHAI, China — Chinese steelmakers have begun reining in output to minimize losses amid flagging demand and oversupply, but much steeper cuts will be needed to stabilize pricing, market participants told AMM sister publication Metal Bulletin.

Rebar and hot-rolled coil tags have hit more than 2½-year lows in most markets.....

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