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Latest China steel output statistics confirms low run rates

26 September 2012

China’s daily output of steel fell by 2% during the 10 days from September 11-20 compared to the previous 10-day period, according to the China Iron and Steel Association (CISA). We think the semi-official numbers confirm our sense (Update Alert, Sep 20) that large CISA-member mills are not ramping up production and it is unlikely that output will rebound substantially in the near term as mills work their way through high inventories (CC Sep 6, Capital Intensive China). 

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