The growing production as Chinese mills bid to profit from prices that soared in 2016 and into this year are undermining the government's years-long push to cut capacity to make the steel industry more efficient and tackle smog.
Beijing's crackdown has mainly targeted low-grade products like rebar, used mostly for construction.
Rising inventory levels and recent falls in the prices, though, suggest output has been growing faster than China's actual demand.
The most-active steel rebar futures prices were down 1.15 percent at 2,918 yuan ($423.90) per tonne at 0243 GMT, on track for a 7.8 percent drop in April, their worst monthly performance since May last year.
继众院之后 美参院通过援助乌克兰以色列台湾法案
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美国国会参议院周二(4月23日)晚间以压倒性多数的票数,通过了950亿美元外援方案,向乌克兰、以色列和台湾提供 […]...
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