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20 Dec
11:03

US, EU margins remain elevated in 2022: Fitch

Chinese steel production will register a low single-digit decline in 2022, remaining above 1 billion tonnes, as slowing property sector demand will be partly offset by higher infrastructure spending and manufacturing, says Fitch Ratings. The demand rebound in the rest of the world in 2021 was stronger than anticipated, with estimated output of 870 million tonnes in 2021, exceeding pre-pandemic levels a year earlier than expected. This was thanks to pent-up demand …
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