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27 Apr
13:18

Chip shortage causes Chinese downstream shut downs

China's downstream steel-consuming industries, especially the home appliance industry, have performed strongly since last year, but the shortage of chips has had a growing impact. If the shortage of chips leads to a decline in output in the next few months of 2021, the impact could be more deeply felt by the steel industry, Kallanish notes. A CCTV Financial News reported showed that a small home appliance company in Foshan of Guangdong has been …
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