China’s crude steel output fell in July for first time this year, iron ore dropped 36% from recent high in May

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China's crude steel output declined in July for the first time this year amid weaker demand from downstream industries and the country's campaign to cut crude steel output as part of efforts to reduce carbon emissions.

The country's crude steel output declined 8.4 per cent in July from a year earlier to 86.79 million tonnes, down 7.55 per cent from the previous month, according to data released by the National Bureau of Statistics.

Average daily crude steel output last month stood at 2.8 million tonnes, the lowest level . . .

 

 

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