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China's crude steel production during the first four months of 2012 was up 1.9% compared to the same period of 2011. This slowdown in growth is casting a shadow over the world ferroalloy market. In addition to the much slow growth, two major stainless steel mills started 10% curtailment from April. It is understood that the curtailment is a kind of production adjustment as one of temporary measures to regain healthy supply/demand balance, but these are the factors that could bring no small impact over ferroalloy market not only in China but also in the world.