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China Daily | Updated: 2015-10-27 08:41
Governments and policies
Lower output, steel prices down in Sept
Prices of steel products retreated in September despite falling output, underlining continued difficulties to reduce over-supply in the bloated sector, according to data from the National Development and Reform Commission. Last month, the Steel Price Index came in at 61.73, down 2.58 percentage points from the previous month, the NDRC said in an online report. In the first three quarters, crude steel production dropped 2.1 percent year-on-year to 608.94 million tons, according to the NDRC.
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