Asia “awash with Chinese steel”

Via Nikkei:

Global crude steel output for the six months through June rose 4.9% on the year to an all-time high of 925.06 million tons, World Steel Association data released Friday shows.

As China lifted infrastructure spending to shore up its economy, the country’s steel output grew 9.9% to 492.16 million tons, outpacing the global average.

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