China steel production affected by covid rise

China steel prices continued to recover in November. Steel producers profits are also on the rise, but production has not increased.

With the Covid cases that started to increase in October, studies in some regions were suspended in November. Due to the severity of the disease in Guangdong, Sichuan and elsewhere, the supply of steel products to the southern region was limited.

Due to the increase in raw material prices, the production costs of steelmakers increased.

In addition, outdoor construction projects in the northern region were halted due to the drastic drop in temperatures.

Due to the impact of air pollution, Hebei, Shandong, Shanxi, Henan, Sichuan and other places have recently launched emergency actions to forcibly reduce emissions, resulting in the suspension of a large number of steel enterprises.