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04 Jun
12:58

Jiangsu steelmakers face production cap

Jiangsu Province in eastern China, a major steelmaking region, may face strict production restrictions to reduce steel output. Rumours that new restrictions are imminent have not been officially confirmed, but have still had a negative impact on raw material prices while supporting steel markets, Kallanish notes. According to reports, at a steel industry survey meeting in Xuzhou, Jiangsu Province, local steel mills were required to cap this year's cr…
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