Following misses on April data, more remarks from China's stats bureaua:

  • China's steel output rose 4.9 percent in April
  • To a record 72.78 million tonnes

Adds Reuters:

  • Mills churn out more metal to profit from rising prices
  • Even as Beijing aims to curb excess capacity.
  • Stocking worries of a growing glut as demand remains flat

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All throughout this ... currencies are little changed: