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China steel output jumps to record despite smog campaign

Reuters  |  BEIJING/MANILA 

By Muyu Xu and Manolo Serapio JrBEIJING/MANILA (Reuters) - China's steel output surged to a record in May as mills ramped up production to chase fat profit margins, with a strong outlook for demand likely to keep mills running at nearly full capacity for the rest of the year.The increased output comes despite China's efforts to limit production in key areas as part of its anti-pollution campaign and highlights Beijing's challenge in tackling overcapacity in the world's top steel producer. China produced 81.13 million tonnes of crude steel last month, up 5.8 percent from the previous month ...

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First Published: Thu, June 14 2018. 11:04 IST
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