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23 Apr
03:21

MIT: China steel industry suffers in first quarter

The Ministry of Industry and Information Technology of China says the country’s steel industry suffered heavily from Covid-19 during the first quarter. Production and prices were affected, as well as international trade and profit, Kallanish learns. The year-on-year growth in production slowed considerably in Q1. Iron and crude steel production increased by 2.4% and 1.2% respectively to 190 million tonnes and 234mt. Finished steel production, which rose by 1…
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