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Steel Holds Steady as China Targets Overcapacity

ports_congestion UTC: 2026-03-05 11:00:35

Steel rebar futures held steady above CNY 3,070 per ton, hovering near one-month highs after China reaffirmed its commitment to curb overcapacity in the steel sector, aiming to strengthen the industry’s overall health. Chinese steel mills remain under pressure from persistent ...

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