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08 Aug
01:00

Macquarie: Chinese output underreporting grows

Discrepancies in Chinese production data suggest China's official figures are underreporting steel output a little and pig iron output much more, with significant knock on effects for demand and scrap use ratios, analyst Graeme Train from Macquarie tells Kallanish. In the case of Hebei, China's largest steel- producing province, the published pig iron production from China Iron and Steel Association (CISA) members in the province at times reached 120% of of…
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