China steel output set to fall in ’12; cuts prompt cancellations

Aug 07, 2012 | 10:29 AM |

Tags  Chinese steel output, Cisa, iron ore contract shipments, steel mill production, output cuts, iron ore prices

SHANGHAI, China — China’s crude steel production could fall this year for the first time in 31 years, a senior industry analyst said in a report that was picked up by the China Iron and Steel Association (Cisa).

Second-half crude steel output could fall 10 percent to 321.5 million tonnes from 357.2 million tonnes in the first half, steel industry consultant Xue Heping said in the report, putting full-year output at some 678.7 million tonnes, down 0.7 percent....

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