A hint of China's economy slowing after the spectacular growth spurt which followed last year's Covid-19 slowdown has been detected in demand for steel.

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Chinese steel producers remain bullish about domestic demand this year, but say the shift to greener methods of production is likely to take a back seat to consolidation of mills.

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Utilities companies and steel mills were verbally notified during the Golden Week holiday October 1 8 in China to stop importing Australian coal this year with immediate effect sources said State owned steel mills such as Anshan Iron amp Steel and Benxi Iron amp Steel in northeastern China were among those that received the instructions. Read More

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Focus Wuhan Virus Likely To Dent Q2 Demand For Steel. Jan 29 2020018332A source at a major Japanese steel mill said Asian buyers were taking a wait and see approach He said there had not been any immediate impact on the mills business yet Iron ore With China accounting for around 70 80 of global seaborne iron ore trades the outbreak of the coronavirus and its impact …

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