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China steel price surge unsustainable, says industry group

High output by member firms will ensure there's enough supply, it says

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China's infrastructure push has lifted profit margins among steel producers to the highest in years, particularly those that make construction steel products.

Shanghai

THE China Iron and Steel Association (CISA) said it saw little likelihood of a big shortage in steel supply, despite a crackdown against polluting industries and producers of low-quality steel, limiting the prospect of further price surges.

"Environmental restrictions

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