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China steel rises as winter cuts loom; iron ore and coal slide
The authorities have ordered steel and other air-polluting industries to curb output in four winter heating months
Analysts say the cuts in China's steel production will coincide with the seasonal downturn in consumption during winter, possibly muting any impact on supply and demand conditions.
PHOTO: REUTERS
Manila
SHANGHAI steel rebar futures jumped nearly 3 per cent on Monday as Chinese markets reopened after a week-long holiday, with investors anticipating production cuts in the world's top steel producer as the country fights smog.
Prices of steelmaking raw materials iron ore and...
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