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According to Chinese Academy of Sciences during 2016 China's economic forecast Conference, said that China iron and steel industry will continue to maintain a low level in 2016
CAS predicts that Chinese crude steel production is expected to reach 7.86 billion tons in 2016, 3.1% year on year. Those for steel production is expected to reach 1.111 billion tons, down by 1.5% year on year.
Currently, most important that China needs to solve the current overcapacity in steel industry, in order to improving the financial situation for steel industry.
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