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China’s role in the global steel downturn

With steel plants from Wales to Australia threatened with closure, China has been accused of destroying other nations’ steel profits by propping up its domestic industry. Below is what you need to know about the country’s steel sector.

What is China’s role in the global steel industry?

China is both the largest producer and consumer of the metal. Of its crude steel output of 803m tonnes — half the world total last year, according to the World Steel Association — 112m tonnes was exported, according to figures from the China Iron and Steel Association.

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