As part of the plan, the government will also ban new steelmaking capacity, the report added citing a person familiar with the decision. Beijing has not made it clear whether it will stick to its policy of zero growth in annual crude steel production this year, but analysts expect annual output in 2023 to either remain flat or increase slightly. (Reporting by Mrinmay Dey in Bengaluru; Editing by Toby Chopra)
March 15 (Reuters) - China will again cut annual crude
steel production in 2023, marking the third year in a row that
the government has mandated reduced output, Bloomberg News
reported on Wednesday.
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