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Miners' billions at stake as China's peak steel nears
World Steel Association sees output reaching its zenith in three years, prompting plant closures
Add BT as a preferred sourcePublished Sun, Nov 23, 2014 · 09:50 PM
London
CHINESE President Xi Jinping obviously wasn't speaking for the world's iron-ore producers when he pronounced this month that the risks from his country's slowing growth "aren't that scary".
Mining giants have wagered US$120 billion on belief that steel production in China won't peak until as late as 2030.
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