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Stockpiles of iron ore accumulate
in Qingdao while steel output from the Asian country is expected to reduce
further. The announcement of restrictions on the production of hot metal has
Steel output falls in August in response
to curbs on the Chinese steel industry during power shortages and environmental
controls. After recent reports of closing blast furnaces, demand for restocki...
Cuts in China’s steel
production has impacted iron prices as a sign of weaker demand for the raw
material. Earlier this year, iron ore prices hit a record high level buoyed by
strong demand from ...