Tag: China’s steel production
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China’s steel production, demand to drop in CY’21-22
China’s crude steel production and finished steel demand both are expected to drop in CY’21 and CY’22, as per the government think-tank, China Metallurgical Industry Planning and Research Institute (MIPRI). In fact, demand for steel and its chief raw material, iron ore, are showing a decline for the first time in five years. Finished steel…