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What a 21 percent drop in China’s steel output means for Indian steel stocks

The world’s largest steel producer (and consumer) is seeing output slow sharply; the rest of the world will feel the after-effects

October 27, 2021 / 12:23 PM IST
What a 21 percent drop in China’s steel output means for Indian steel stocks

Crude steel output data for September released by the World Steel Association shows the extent to which China’s steel industry has been hit by the pollution-related curbs and more recently the power shortage. China’s steel production has been declining since May, as the chart alongside shows. But September’s output declined by a massive 21.2 percent over a year ago and by 11.3 percent over August. (image) For now, it appears the power shortage will continue to affect output but even...

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