[Ferro-Alloys.com] Production safety of China's coal mines has continuously improved over the past 20 years, with thorough safety supervision and better industrial structure.

The Spectator reported that as a consequence one of three blast furnaces in the steelmaker US Steel Košice remains idle and some planned investments are being postponed. US Steel Corporation in its outlook report for the fourth quarter said “Economic indicators in the region suggest difficult market conditions are likely to continue in 2020. Based on this assessment, one of the three blast furnaces remains idle and the company has postponed the dynamo line investment spending in 2020.”

Li Xinchuang, president of the China Metallurgical Industry Planning and Research Institute, came to a similar conclusion, although from a different perspective.

"As the Chinese economy is transitioning from high-speed growth to high-quality development, consumption is to play a bigger role in driving economic growth, while the economy will no longer excessively depend on investments," Li said.

"That is to say, investment in fixed assets will remain at a relatively low level and steel demand will no longer be as high as in the past."

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• [Editor:kangmingfei]