Spot iron ore and coking coal prices hit their highest level in two years early this month as crude steel production surged.

随着粗钢生产激增，本月早些时候，铁矿石和炼焦煤现货价格达到了两年来最高水平。

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Baosteel Group Corporation (hereinafter as Baosteel) is the most competitive iron and steel conglomerate in China, whose crude steel production ranks the 3rd among the global steelmakers.

宝钢集团有限公司(以下简称宝钢)是中国最具竞争力的钢铁联合企业，粗钢产量位列全球钢铁企业第3位。

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And China's crude steel output also tops all over the world.

我国的粗钢产量也居全球第一。

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In February, world crude steel production declined by nearly 5% to 123.3 million tonnes, according to the World Steel Association.

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The year before China joined the WTO, the United States and China each produced about 100 million tons of crude steel.

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Corus said it expected to produce about 30% less crude steel than planned during the two quarters to the end of March 2009.

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