Commodities & Energy

Reuters exclusively reports China may let provinces set own winter output curbs for heavy industry

Reuters exclusively reports China may let provinces set own winter output curbs for heavy industry

Reuters reported exclusively that China is considering allowing its northern provinces to decide individual output cuts by heavy industry to rein in emissions during the winter, ditching an earlier plan for blanket cuts. Talk of the move drove down prices of steel and steel-making raw materials and comes as Beijing looks to end its “one-size-fits-all” fight on pollution.