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China's winter cut policy and its impact on steel production
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Beijing introduced the winter heating season cuts in November 2017, requiring steel mills to shut down part of their capacities, to keep the air quality under control. This resulted in a total annualized 52 million mt of pig iron capacity reduced from November to March, along with a much improved air quality across much of 2018. Will China relax its winter cut policy this year? Jeffery Lu and Niki Wang, from S&P Global Platts metals team, discuss policy changes and market expectations.
