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China’s total crude steel output fell significantly during the first seven months of this year, down 6.4% on year to 609.3 million tonnes, according to the latest data released by the country’s National Bureau of Statistics on August 15.Read more
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As the global steel industry advances low-carbon development, the maximum utilization of steel scrap will be the most practical approach to help reduce carbon emissions in the near- to medium-term future, suggests Zhong Shaoliang, chief representative of the Beijing office of the World Steel Association (WSA).Read more
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Last month’s decline in shipments abroad showed that the central government’s policies discouraging the export of finished steel products are having some impact, market observers noted.Read more
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Domestic lead prices across China declined for the second week over November 3-10, as falling prices of lead futures on the Shanghai Futures Exchange (SHFE) and anticipation of a supply recovery added to negative sentiment in the market, according to market sources.Read more
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For October alone, China produced 71.58 million tonnes of crude steel or down 2.9% on month, and the daily crude steel output last month hit the lowest since January 2018, reaching 2.31 million tonnes/day or having slid on month for the sixth straight month by another 6.1%, Mysteel Global calculated based on the NBS data.Read more