Struggling from weak demand and facing new rules to clean up pollution, some firms in China's top steel producing city have scaled back production or even closed completely, lifting local steel prices off 20-year lows.

At the backdrop of steel output cut, the market of steel-used cored wires remained sluggish. Market of nodulizer cored wires underperformed as Chinese economy entered “new normal” phase which features low growth.

Laiwu Chang’Ande Industry &Commerce Co., Ltd is situated in Laiwu, Shandong province. Chang’ande enjoys convenient transportation with easy access to several expressways and sits next to Xujiazhuang railway station.

Profits for cored wires are fast dropping. Some enterprises are operating under capacity and cut their outputs, shifting focus to other businesses.

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