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16 Mar
08:28

Sangang steel output improves year-on-year

South-eastern China's Sangang Iron & Steel, a major local construction steelmaker, saw output surge in the first two months despite frequent maintenance and the long holidays. Strong output figures and mills' ability to push steel onto traders is a boon for them but has left market inventories very high, Kallanish notes Sangang produced 1.93 million tonnes of crude steel over January to February, up by 10.3% from 2017, according to the group announce…
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