China’s crude steel output sets new record in 2017 amid high prices

Healthy profit margins sent China’s crude steel output to a new high in 2017 after dropping closer to the 800-million-tonne mark in the two preceding years.

The world's second-largest economy produced a total of 831.73 million tonnes of crude steel last year, according to data released by the National Bureau of Statistics (NBS) on Thursday January 18.
This is up 5.7% from a year earlier, the bureau said.

This also exceeds the previous high of 822.7 million...

Published

Jessica Zong

January 18, 2018

10:20 GMT

Shanghai