China July daily crude steel output slips but supply glut woes continue

China’s daily crude steel output during July 1-10 slipped 0.8% from late June to 2.872 million mt/d, but production still remained 2.6% higher year on year, data from the China Iron & Steel Association showed July 13. The supply glut in China’s domestic market have continued to show no signs of easing so far in July, pressuring steel prices further,…

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