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12 Oct
07:45

Chinese steelmakers announce overhaul plans in October

The Chinese steel market maintained its momentum in October, but power restrictions and output controls have required many steelmakers to reduce production, Kallanish notes. According to market investigations, six steelmakers will halt blast furnace operations this month to cut iron supply. Benxi Iron & Steel will cut 440,000-470,000 tonnes of iron supply by suspending two blast furnaces. Meanwhile, Angang and Yunnan Qujin Steel will each shut down t…
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