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China daily steel output 1.5 mln T in early June - CISA

Thu Jun 18, 2009 10:49pm EDT

BEIJING, June 19 (Reuters) - China's daily crude steel production stood at 1.498 million tonnes in the first 10 days of June, according to data from the China Iron and Steel Association obtained by Reuters on Friday.

The figure is equivalent to annual output of 547 million tonnes of crude steel, according to Reuters calculations, compared with around 500 million tonnes in 2008.

China has been trying to rein in steel producers with the aim of capping total output at 460 million tonnes this year.

However, a campaign to curb "blind expansion" at small steel mills has not been successful, with May output at 46.46 million tonnes, up 7 percent compared with 2008.

(Reporting by Coco Li; Editing by Jacqueline Wong)



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