China’s steel output rises in August

Chinese output of hot metal, crude steel and finished steel all increased in August on both a month-on-month basis and from a year earlier, China’s National Bureau of Statistics said on Monday September 16.

Lower prices for raw materials and expectations of demand recovering in September were cited as the major reasons for Chinese steelmakers’ higher production rates.

For instance, Fastmarkets’ index for iron ore 62% Fe fines, cfr Qingdao was at $84.66 per tonne...


Jessica Zong

September 16, 2019

06:40 GMT