China's crude steel output continues to fall

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China's crude steel output continues to decline. [Photo: chinapolo.com]

Crude steel output in China continues to decline.

New data shows crude steel production has dipped around 2-percent year on year in the first seven months.

This compares to an almost 3-percent increase during the same period of last year.

Chinese steel manufacturing has cooled down this year amid the government's restructuring efforts.

Steel prices have also remained weak.

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