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Business trends

China steel sector flashes signs of another glut

Overproduction looms despite state-mandated capacity cuts as economy slows

China is poised to produce over 1 billion tons of steel in a year.   © Reuters

SHANGHAI -- Chinese steelmakers are stepping up production at an unprecedented pace even as the government mandates reduced capacity, raising the specter of a supply glut that threatens to spill over the border once more.

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