The price of iron rises after some steel factories are disrupted in China

Prices for iron ore have risen after a Chinese consulting company said a number of steel factories received orders from the authorities to temporarily stop production this month due to concerns about air pollution. The future contracts used in the steel industry rose 1.6% in Singapore, after weekly profits of 2.1%. Mysteel said in a report released on Saturday that some factories in Tangishan, the center of steel production in China, received notifications to stop production from August 25 to ensure air purity during the military parade scheduled on September 3 in the nearby capital. Reducing the production of steel in China, “navigating commodities”, “navigating commodities”, said through an SMS message: “Unanswered, local markets are considered a positive development of steel production, as the high steel prices and profit margins alleviate the pressure of the cost base suffering from serious restrictions.” I Iron Raw Price has recorded a slight rise since the beginning of the year. Over the past few weeks, the wide campaign that China has launched against the surplus of production, known as the ‘government campaign to combat surplus production and exhaustive competition, has contributed to the price of industrial products to improve profit margins at steel factories suffering from financial and operational pressure. Singapore. As the contracting contracts rose in Dalian, in addition to the high steel prices in Shanghai.