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Beijing warns steelmakers of 'year of attack' on overcapacity

China's steel output increased 1.2 per cent to 808.4 million tonnes in 2016, and Greenpeace says the country needs to consider cutting production rather than capacity in order to rein in the sector.


CHINA'S steel mills need to prepare for an even tougher assault on overcapacity this year as the government bids to make "fundamental" progress in reforming the sector, an official from the country's top planning body told an industry meeting.

"Although capacity reduction...

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