A number of steel mills limited production, Chinalco and China Supply and Marketing Group cooperation



On November 1 and 2, 2022, Shaanxi Jinchuan and Gansu Forum held sub-forum meetings of "Shaanxi, Shanxi and Gansu" and "Shaanxi and Sichuan" respectively. More than 20 steel enterprises, including Shaanxi Steel Group, Jiujiang Steel Group, Chuanwei Group, Chongqing Iron and Steel, Sichuan Desheng, Jinnan Iron and Steel, Shanxi Jianlong, Shanxi Jianbon, Jincheng Iron and Steel, and Shanxi Gaoyi, participated in the meeting.

It is reported that since the third quarter, the steel mills continue to suffer losses, operating difficulties, in order to cope with the severe situation of the market, the steel enterprises by stopping the blast furnace, reduce load, reduce scrap, advance year-end overhaul and other measures to increase production reduction, the steel mills limited production ratio of 30% to 60%, reduce the supply of about 100,000 tons/day. Chinalco Group and China Supply and Marketing Group recently signed a strategic cooperation agreement; Ningde Times ranked first in the world with 19.9GWh loading in September; Rio Tinto and Turquoise Mountain's two largest shareholders have reached an agreement on a $3.3 billion takeover, with Rio proposing to pay $3.3 billion for shares in Turquoise Mountain and a 66 percent stake in Mongolia's Oyu Tolgoi, one of the world's largest known copper and gold deposits.