China’s finished steel output up 10.4% in November

China’s finished steel output grew by 10.4% year-on-year in November as mills raised production in response to steel price gains, according to the National Bureau of Statistics.

Finished steel production reached 104 million tonnes during the month, which was also up 1.34% from October.
Market participants said that mills had been accelerating their production amid price surges.

Hot-rolled coil prices in eastern China were 3,700-3,720 yuan ($530-533) per tonne on Friday November 29, up...

Published

Miranda Song

December 16, 2019

10:22 GMT

Shanghai