China's average daily crude steel output fell in July from a record, government data showed on Friday, providing some respite to overseas rivals angered by a torrent of cheap steel from Chinese mills in the past year. The decline partly reflects China's efforts to address a chronic glut. Some analysts predict output may shrink further in the months ahead as more mills shut in a sector undergoing its most significant -and painful -restructuring in two decades. The pullback was also due to softer domestic demand, particularly around July as construction typically drops during the summer lull.
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