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MNI BRIEF: China Steel Output Down In August

Chinese steel production has decreased.
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MNI (BEIJING) - China's daily crude steel production decreased 6.3% m/m to 1.96 million tonnes in August, a 1.3 percentage points expansion from June-July, but down 8.3% year-on-year, Lange Steel Research Group reported on Monday, citing statistics from the China Iron and Steel Industry Association.

Ge Xin, researcher at Lange Steel, said the steel market was clearly affected by insufficient demand and sustained losses, with a weak outlook in the short term.

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MNI (BEIJING) - China's daily crude steel production decreased 6.3% m/m to 1.96 million tonnes in August, a 1.3 percentage points expansion from June-July, but down 8.3% year-on-year, Lange Steel Research Group reported on Monday, citing statistics from the China Iron and Steel Industry Association.

Ge Xin, researcher at Lange Steel, said the steel market was clearly affected by insufficient demand and sustained losses, with a weak outlook in the short term.

Keep reading...Show less