Steel mills in Shandong face one month cut over SCO Summit

Shandong’s industrial production will face a series of restrictions in the following month as Shanghai Cooperation Organization (SCO) Summit will be held in Qingdao on June 9. Daily average volumes delivered from ports last week rose 95,000 mt week on week to stand at 2.54 million mt. Qingdao port saw an increase in its daily average departing volumes as steel mills in Shandong purchased actively over the past week.

Separately, to further improve air quality, China aims to overhaul bulk freight transport arriving or leaving ports in the Beijing-Tianjin-Hebei region from road to rail by the end of 2019, the Ministry of Ecology and Environment said in an April release. The Yangtze River Delta region and their nearby areas were also included in the measure.

The move covers freight of iron ore, steel and coke.

Copper smelters in the region said their production will remain unaffected, but downstream companies in Qingdao are subject to traffic control during June 6-12.