Photographer: Doug Kanter/Bloomberg

Steel Output Drops in China as Maike Flags Iron Ore Mismatch

Updated on
  • Mismatch seen between less steel, more iron ore, Maike says
  • China steel output to drop 1.4% per year, BMI Research says

The world’s biggest steelmaker is pouring less metal. Production in China dropped in October from a year earlier as mills battled lower domestic demand, slumping prices and rising industry losses.

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