Cut in steel production a new blow for miners

Original article by Scott Murdoch, Wang Yuanyuan
The Australian – Page: 15 : 12-Jan-16

The Chinese province of Hebei will reduce its iron and steel production by 10 million tonnes and eight million tonnes respectively in 2016. Hebei accounts for about 25 per cent of the nation’s iron and steel production, as well as the bulk of the iron ore exported from Australia to mainland China. The production cutbacks have been attributed to factors such as an oversupply and an attempt to address the issue of pollution in China.

CORPORATES
XINHUA NEWS AGENCY, TSINGHUA UNIVERSITY, CHINA METALLURGICAL INDUSTRY PLANNING AND RESEARCH INSTITUTE