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China's low-value steelmakers beat high-end peers

Infrastructure push has given a boost to producers of construction steel, lifting their margins to record levels

The unexpected resurgence among producers of lower-grade steel is a setback for China's efforts to modernise its massive steel sector.


POWERED by China's infrastructure push, Chinese construction steel producers are seeing their best profits in years, lording it over their high-value counterparts in a setback for Beijing's years-long drive urging steelmakers to move up the value chain.

As its manufacturing...

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