China could offset current steel and coking coal concerns

FALLS in global steel production are likely to push down coking coal output, according to major stockbroker UBS, but a four trillion yuan ($US585.61 billion) Chinese government investment plan has a Shanghai-based analyst predicting a rebound by the nation’s steelmakers.

China could offset current steel and coking coal concerns China could offset current steel and coking coal concerns China could offset current steel and coking coal concerns China could offset current steel and coking coal concerns China could offset current steel and coking coal concerns

In the last week of October, the China Iron and Steel Association said all Chinese steel producers were unprofitable for the month because of plummeting steel prices.

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