Tag: china crude steel production july
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China weekly: Steel market reels under production cut pressures
This week, Chinese semi-finished and finished steel prices declined because of sluggish downstream demand. Furthermore, production curb norms are getting stricter with a focus on the Olympics and Paralympics in Feb-Mar’22. China’s crude steel output dropped by 7.6% to 86.76 million tonnes (mn t) in Jul’21 as compared to 93.88 mn t a month ago,…