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The market expects that this will soon affect other steel mills

Emissions of sulfur dioxide per ton of steel were 0.21 kg/t, smoke and dust – 0.25 kg/t, nitrogen oxide – 0.41 kg/t

Steel enterprises urged to observe restrictions

There is a seasonal slowdown in trade on the market

In June, iron ore production increased by 1.8% y/y and 9.7% m/m

Duty on China's coated steel to continue for another five years

Tariffs on Chinese products were kept at the level of 29.2-54.9%

Chinese steel products are offered at deep discounts, which is a problem for local producers

Such forecasts are assumed by Linyuan I&S, Shandong I&S, Chongqing I&S, Xinjiang Bayi Steel and Ma'anshan I&S

Weaker demand from China's steel producers is expected in this period

In June, Chinese steel production increased by 0.4% y/y and 1.1% m/m. Factories are encouraged by rising product prices

In June, Chinese steelmakers increased the import of iron ore by 7.3% y/y