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China Steelmaking Grows at Weakest Pace Ever as GDP Slows

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China’s crude steel production grew at the slowest pace on record as domestic demand weakened and the country exported the most ever.

Output in the world’s largest steelmaker expanded by 0.9 percent in 2014, compared with 7.5 percent the previous year, according to data released by the National Bureau of Statistics in Beijing on Tuesday. While the country produced a record 822.7 million metric tons last year, it was the lowest growth in data going back 24 years.