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China Steel Consumption to Rise: Xinhua

CHINA PRESS
MNI (Sydney)

China's steel demand is forecast to rise from September as cooler weather and repairs following summer flooding boost construction activities, while improved global demand may lift exports, Xinhua News Agency reported citing the China Iron and Steel Association. Output of iron, crude steel and steel materials in the first seven months rose 3.2%, 2.8% and 3.7% respectively, driven by the manufacturing recovery, Xinhua said. Steel producers reported positive y/y profit growth in June and July, the agency reported.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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