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07 Sep
16:46

Employment need seen maintaining Chinese output in 2016

Chinese steel production is unlikely to decline in 2016 as the country’s government strives to maintain employment in the steel industry, according to IKB managing director industrials and automotive Heinz-Jürgen Büchner. Chinese crude steel output fell only -0.5% on-year in January-July. The last of those seven months saw an on-year increase of 3% and, if August sees similar growth, year-to-date output after eight months may be level on-year, or…
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