Author: Nishtha Mukherjee
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China: Expected strong GDP growth to keep crude steel curbs intact
China has shifted back to consumption-led GDP growth, instead of relying on investment and infrastructure, with the former contributing 64.8% of the total GDP growth till Sept’21. China can afford to cut steel output with a solid GDP growth over Jan-Sept’21 at 9.8%, while it has targeted at least 6% for CY’21. “This is feasible…