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Steel producers fail to solve overcapacity crisis

US criticism of China's approach draws angry response from Beijing

China has been ramping up exports of steel in recent years as it battles to steer its economy into services-led growth and away from traditional manufacturing, while keeping employment levels high.


CHINA and other major steel-producing countries failed to agree on measures to tackle a global steel crisis as the sides argued over the causes of overcapacity, prompting US criticism of Beijing's approach and an angry response from Chinese officials.

A meeting of...

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