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30 Dec
09:18

China removes 17m t/y of steelmaking in 2015

Despite the weakness of China’s steel market and falling steel production, official figures for removed capacity are down sharply from 2014. The data continue to suggest that market movements are a more important factor in determining steel output than official policies to remove outdated plants, Kallanish notes. Estimates given during the National Industry and Information Technology Working Conference in Beijing two weeks ago suggest 13 million tonnes/yea…
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