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Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) dropped for a tenth consecutive month on-year in May, sliding by 3.5% to 169.48 million tonnes. India however again strongly bucked this trend, Kallanish notes. China saw production drop 3.5% on-year in May to 96.6mt, although this was up almost 4mt on-month. India reported a 17% on-year surge in output to 10.6mt. Japan and South Korea reduced output 4% and 1.4% r…
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