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CSI: Can China drag steel output lower? (April 8, 2021)

Chinese steel production is peaking. By 2025, the end of the new five-year plan, output will almost certainly be lower than last year’s record. The government has said however that it wants output to decline this year.

Considering the strong y-o-y growth in output seen so far this year, cutting output so quickly will be an uphill struggle. Will China be willing to take the drastic steps necessary to achieve that goal, or will it accept a slower transition to lower steel output?