China’s crude steel output contracted 10.5% on year in Q1, apparent steel consumption shrank 9.5% amid Covid outbreaks

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China's steel output contracted in the first quarter from a year earlier and steel consumption also declined amid domestic Covid-19 outbreaks, the country's largest steel industry body said on Monday.

The country's crude steel output reached 243 million tonnes in the first three months of the year, falling 10.5% from the same period in 2021, said the China Iron and Steel Association (CISA).

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