Flash | 09 Jul 2025 10:14:58 ET │ 8 pages China Steel Supply reform progressing; Steel mills in Shanxi Province need to cut production CITI'S TAKE According to SteelHome, a third-party data vendor in China, major steel mills received provincial government orders on production cut recently. Steel mills need to cut 10-30% YoY steel output in 2025, bringing ~6mn tons production cut in Shanxi Province (~10% YoY down for whole Shanxi Province). Our read is that (1) Shanxi Province took up ~6% of steel market sha ...