China Economy Commodities Iron ore price

Tangshan, global steel capital, begins to shut down

Tuesday, 28 January 2020

Oh dear, at Reuters:

Tangshan, China’s largest steelmaking city in northern Hebei province, announced on Tuesday morning that it is suspending all public transit within the city in an effort to prevent the further spread of the new coronavirus.

Hebei province produces some 300mt of steel per annum, a lot of it in Tangshan.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.