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16 May
20:20

Chinese steel demand falls faster than in 2020

End user steel demand in China fell faster over the first four months of 2022 than in the same period of 2020, when Covid first hit the Chinese economy, Kallanish notes. China’s official crude steel output, meanwhile, continued to fall year-on-year in April despite a rebound from the previous month. Last month, China produced 92.78 million tonnes of crude steel, down 5.2% y-o-y, according to the National Bureau of Statistics (NBS). Over four months, output i…
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