Dateline City:
EL SEGUNDO, Calif.
EL SEGUNDO, Calif. (June 10, 2013)—Massive overproduction this year among China’s steel mills has pushed the country’s production to an all-time-high, resulting in rock-bottom prices but possible longer- term risk for buyers.
China’s steel production rose to an annual rate of 800 million metric tons as of March, nearly double from 420 million at the end of 2008, according to information and analytics provider IHS (NYSE: IHS).
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