China’s steel output increase will add to investors’ fears2 min read . Updated: 27 Jun 2016, 02:33 PM IST
The declining prices are an indication that demand may not be strong enough to absorb the increase in output
China’s crude steel output growth has inched up in May, compared with April, rising by 1.8% from a year ago, according to the World Steel Association (WSA). This increase is despite a declining trend in iron ore and steel prices during the month.
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