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CSI: China looks to a less steel-intensive future (Oct. 5, 2020)

Chinese steel markets lost steam last month as the peak demand season was not enough to support prices. While the market is focussed on the short-term movements of the coming weeks, China’s leaders are focussed on the bigger picture. As they gather to iron out policies for the coming five years, the steel industry will have to prepare for economic growth to be less steel-intensive. That will create both winners and losers, while putting pressure on global markets.