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In January–May, the figure stood at 17.36 million tonnes

The CMRG aims to tighten control over pricing

Towards the end of the month, the upward momentum in prices slowed

Following a mining accident in Shanxi, Chinese importers will increase their imports from Canada and Australia

The May figure showed equally strong growth — 27% y/y

In May, the country once again became a net importer of steel products

Exports have long been a mainstay of the country’s steel industry

Duties on products from the PRC will be up to 45 per cent, and on goods from Taiwan up to 21 per cent

Reducing emissions in ‘dirty’ sectors of the economy depends on access to clean electricity and a flexible power system

Chinese importers have turned to suppliers from Canada and Australia

The total area of construction work over the period fell by 12.3 per cent y/y

Over the same period, output of rolled steel fell by 1.5% year-on-year, and that of pig iron – by 3.1% year-on-year