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Print[Ferro-alloys.com]China's state-owned enterprise Chongqing Iron & Steel plans to maintain its crude steel output in 2013 at 6 million mt amid uncertainties in the market, a company source told Wednesday.
The steelmaker has three blast furnaces, each 2,500 cubic meters, at Changshou district in southwestern China's Chongqing municipal city. Its crude steel output capacity is currently at about 6.5 million mt/year.
"We do not foresee strong demand for steel from the downstream this year and we need to heed the government directive to reduce emissions and increase efficiency," the source said. "So we are planning to keep our planned target at 6 million mt, unchanged from last year."
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