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Chinese crude steel output in October up by 42pct YoY

Chinese National Bureau of Statistics announced that China’s crude steel output in October 2009 reached 51.75 million tonnes up by 42% YoY by up by only 2% MoM as compared to September 2009 figures of 50.71 million tonnes. Chinese crude steel output in the January to October 2009 period rose by 10.5% YoY to 472.47 million tonnes.

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