Texture from Reuters:
“Overall production curbs in Tangshan in September are on par with August, which are loose,” Huatai Futures said in a note, adding that output restrictions in Wuan, county-level city of the second-biggest steelmaking city of Handan, tightened slightly this month compared with August.
“We believe that Chinese demand has further room to grow and outpace production in Q419 and 2020 as the government is now more likely to step up targeted stimulus for the infrastructure sector on the back of a more protracted trade dispute with the U.S.,” according to Fitch Solutions Macro Research.
