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19 Oct
10:55

China gdp, investment data leave steel stuck in the mud

China’s gdp growth sank slightly below target in the July-September quarter, according to the National Bureau of Statistics (NBS), while investment figures remained subdued. The figures suggest China’s domestic steel demand is unlikely to recover significantly until at least next year Kallanish notes. China’s 6.9% year-on-year gdp growth for both Q3 and for the first nine months of the year was dragged down by continuing weak growth i…
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