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China Steel Body Calls on Mills to Rein In Output, Inventories
Source: Bloomberg
Commodities & Raw MaterialsTrade Policy & Supply ChainCompany Fundamentals
China's top iron and steel industry body urged domestic mills to curb production and reduce inventories amid oversupply and weak demand. The call signals continued pressure on Chinese steel prices, mill utilization and profitability, with potential spillovers to iron ore demand and global steel producers.
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