Recently, the "production restriction order" of the iron and steel industry has been further upgraded, and the domestic iron and steel mining enterprises under the requirement of carbon neutrality have begun to limit and reduce production.
On March 19, Tangshan City issued the notice on submitting the measures for limiting production and reducing emissions of iron and steel enterprises, requiring that 7 iron and steel enterprises including Donghua iron and Steel Co., Ltd. implement the measures for reducing emissions by 50% from March 20 to June 30, and implement the measures for reducing emissions by 30% from July 1 to the end of the year.
Another 16 iron and steel enterprises implemented the emission reduction measures of limiting production by 30% from March 20 to the end of the year.
Industry insiders said that in the context of carbon neutral, the iron and steel industry continued to increase production restriction, and the supply side tight pattern has emerged. Steel benefits from Pro cyclical demand, combined with the downward price of iron ore, coke and other raw materials, the profit expectation of steel enterprises is good, and the investment value of steel stocks may be highlighted.
