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Steelmakers worth most in years, thanks to China

Less supply from China has helped prices in Europe and the US jump about 75 per cent in the past 18 months

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Steel stocks are trading at the highest since 2011 and it's mostly thanks to the industry's biggest menace in recent years: China.

London

STEEL stocks are trading at the highest since 2011 and it's mostly thanks to the industry's biggest menace in recent years: China.

Demand in China, which produces half the world's steel, has been surprisingly strong this year and the country closed some plants to ease a glut

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