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China's Sept steel output close to peak level

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REELING FROM SUPPLY GLUT: Mills are still close to full capacity despite weak demand, and global iron ore miners are pushing ahead with expansion plans.

Beijing

CHINA'S daily crude steel production rose 1.3 per cent in September to the highest level in three months, according to data from its statistics agency.

This suggests that mills are still close to full capacity despite weak demand and a steep slump in prices. Persistently...

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