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China's full-year crude steel output in 2021 is expected to reach 1.04 billion tonnes, falling by 2.3% from a year earlier, and in 2022, crude steel output will likely decline further to 1.017 billion tonnes, down by 2.2%, according to the latest forecast released by the China Metallurgical Industry Planning and Research Institute, a government think tank.
China has implemented supply-side reforms in the steel and coal sectors . . .
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