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Anshan Iron and Steel Group Corporation is a Chinese state-owned steel maker. The corporation is under the supervision of State-owned Assets Supervision and Administration Commission of the State Council. It is headquartered in Anshan, Liaoning. According to the World Steel Association in 2015, the corporation was the 7th largest manufacturer of steel in the world by production volume.

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economy18 h ago

Chinese steel mills' production cuts raise cautious optimism among Korean steelmakers

According to The Korea Times Business, Korean steelmakers are cautiously hopeful that voluntary production cuts by about 45 Chinese mills could ease oversupply and price pressure, depending on how deeply and consistently output is reduced; the scenario of a drastic 200–300 million ton cut by China would likely have a very positive effect on steelmakers worldwide, including Korea.

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Chinese steel mills' production cuts raise cautious optimism among Korean steelmakers

economy18 h ago

coda.news AI summary

About 45 Chinese mills were urged by CISA to adjust production and inventories based on orders and profitability.
Involved mills include China Baowu Group, Ansteel Group, HBIS Group, and Shougang Group.
China's crude steel output fell 3% year-on-year in the first half of 2026; steel consumption declined 3.6%; inventories at major Chinese steelmakers reached 16.02 million tons.
Korea extended anti-dumping measures on Chinese H-beams for five more years, with duties of 28.23% to 32.72% for suppliers not covered by existing price undertakings.

China Baowu Group Ansteel Group HBIS Group Shougang Group POSCO

The Korea Times BusinessRead original ↗