Category: Crude Steel
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China’s crude steel output falls in May, but oversupply concerns persist
Major steelmakers made modest production cuts despite weaker domestic demand HRC inventories rise to highest level since mid-February China’s crude steel production fell 2.7% y-o-y to 84.36 million tonnes (mnt) in May, according to industrial statistics released by the National Bureau of Statistics (NBS) on 16 June. Average daily crude steel output stood at 2.721…