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China steel futures buoyed by talk of output curbs ahead of May summit
Published Wed, Apr 26, 2017 · 09:50 PM
Manila
CHINA'S steel futures climbed to their highest in 21/2 weeks on Wednesday amid unconfirmed market talk of production curbs in cities surrounding Beijing ahead of the New Silk Road summit in May.
China typically orders industrial plants to cut or limit production to help clear the skies ahead of a major event such as when it hosted the G-20 summit in Hangzhou last year.
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