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March global steel production rose another 2.3% to a new all-time record of 4.264 million tonnes per day (mtpd), with nearly 2/3 of the uptick due to Chinese output nearing prior all-time records.

The global production recovery has been uneven, with US production still down 12% from pre-recession highs, while Chinese production is actually up 48% over the same time frame. The irony of course, is that in March as Chinese production neared all-time highs, some 8.2% of the Chinese total – 5.03 million tonnes – was exported.

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