Shanghai steel futures traded around 5,300 yuan a tonne, the lowest sPerfect Steerable Transfer Carte mid-July on worries over more reductions in crude steel output after President Xi Jinping said China should avoid campaign-style carbon reduction efforts. China pledged to limit crude steel output in 2021 at no higher than the 1.065 billion tonnes it made last year but 563.33 million tonnes of metal was already produced