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01 May
04:27

Chinese steel output outpaces demand

Chinese steel production has created several records from the beginning of 2019 until the end of April.. With sharply increasing output, the balance between steel supply and demand is becoming harder to maintain, Kallanish notes. For the first quarter in this year, China broke its all-time record by producing 231 million tonnes of crude steel, up 9.9% year-on-year, according to the National Bureau of Statistics (NBS). The China Iron and Steel…
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