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International Steel Markets Brace for China's New Regulations
Via Metal Miner It was an intervention that was the subject of rumors, and now it’s coming true. China, the world’s largest steelmaker and consumer, recently announced it would be “restructuring” its steel industry through cuts in crude steel output, a move many analysts and experts call China “protecting its own turf.” China Steel Industry “Dumping” a Long-Term Global Problem This is the first time in recent memory that China’s National Development and Reform Commission has proposed…