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China likely to see steel oversupply in 2020, warns industry group

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China's steel output is expected to maintain robust growth this year and the domestic market will see reemergence of oversupply as growth in demand is unlikely to keep up with supply, warns China's top steel industry group.

China’s total output for crude steel in 2020 will grow at a rate of 6 per cent, in line with the pace last year, however, growth in demand will slow sharply to 2 per cent, said the . . .

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