China cuts back on aluminum production while steelmaking surges
Recyclingtoday - Metal production in China, which makes about half the world’s metal and which also is ahead of the curve in terms of rebooting its economy after COVID-19, is showing a divergence between aluminum and steel output.
In the aluminum sector, the Beijing-based Caixin media organization has reported on cuts at some 20 aluminum smelters with more than 700,000 metric tons of annual capacity.
Companies reportedly cutting back on output in the face of low domestic and global demand include China Zhongwang Holdings and Aluminum Corp. of China Ltd. (CHALCO). Caixin quotes a metal industry analyst as saying many downstream consumers of finished aluminum have not received a large volume of orders for May and June because of slack demand.