China steel demand shrinks for first time in 14 years as slowdown …

* Iron ore supply has exceeded demand in China DALIAN, China Sept 25 (Reuters) – China’s steel consumption dropped this year for the first time since at least 2000 due to slower economic growth, leading to a surplus of iron ore in the country and a more than 40 percent plunge in prices of the steelmaking raw material. Apparent crude steel consumption in China, the world’s top consumer and …
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