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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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December 2017 | Ferro-alloys


China’s steel production cuts to support upward price rally: Crude Steel Highlights


The more determined effort that the Chinese government has put into its drive to close inefficient and polluting steel works and generally reduce capacity is reported to have shown results.

China’s steel mills reduced output on a year-on-year basis in mid-November amid stabilizing prices. Member mills of the China Iron & Steel Association (Cisa) produced crude steel at an average rate of 1.7718 million tonnes per day during the second 10 days of November, down 29,900 tonnes per day - or 1.7% - from an average rate of 1.8017 million tpd during the first 10 days of the month. They had 12.27 million tonnes of finished steel in their...

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