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China aims to lower steel output in 2021, expected to increase imports of primary steel products – industry body

China’s steel demand will increase slightly in 2021, supported by economic policies adopted to boosting virus-hit economy, the country's largest steel industry body said, even as the government has urged steel mills to produce less steel this year.

Economic policies that China adopted to cope with the COVID-19 pandemic will shore up China’s steel demand, Qu Xiuli, vice chairwoman of the China Iron and Steel Association (CISA) said at a news conference . . .

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