Photographer: Kevin Frayer/Getty Images

China’s Old Economy Springs June Surprise With Steel Record

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  • June was busiest month ever on daily basis for nation’s mills
  • Output still contracted in first half compared with 2015

China churned out a record amount of steel daily in June as mills in the world’s top producer boosted supply to take advantage of a rebound in prices, surprising analysts who’d expected a weaker figure.

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