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China’s Steel Crisis Sends August Output to Lowest Since 2017

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China’s Steel Crisis Sends August Output to Lowest Since 2017


China’s steel production fell by more than 10% from a year earlier in August as the industry reeled from low prices and a damaging slump in demand.

Last month was a particularly brutal period for the world’s biggest steel sector, with top supplier China Baowu Steel Group Corp. warning of increasingly bleak conditions. As mills fought deepening losses on every ton of steel they made, more of them chose to shut down furnaces.



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