Photographer: Tomohiro Ohsumi/Bloomberg

China's Steel Output Drops Again With More Cuts on the Way

  • Outlook somber with continued price declines, Shenhua says
  • Production set to drop about 2.9% in 2016, CISA forecasts

Steelmakers in China, the world’s top supplier, are cutting output yet again as faltering demand and a rout in prices show no signs of abating.

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