China's crude steel output in August rose 1% from a year earlier but fell 0.9% from July to 68.91 million metric tons, the National Bureau of Statistics said Saturday.
The level was largely in line with analyst expectations that production conditions haven't changed much from two months ago, with steel demand remaining lackluster while low raw-material prices underpin supply.
Output in the first eight months of the year rose 2.6% on year to 550.1 million tons, it said.
Daily average production in August reached 2.22 million tons, on par with July, according to the data. The August level ebbed from the record daily production of 2.31 million tons posted in June.
Source: The Wall Street Journal
- metaljunction »
- Metal News
Metal News & Events
METALJUNCTION PUBLICATIONS
Coal Insights (English) Monthly
Coal Insights is a ready reckoner for anyone associated with coal. This publication is aimed at tracking everything related to coal in India.
India Coal Market Watch(English) Monthly
ICMW is a one-stop source for all news, data and research pertaining to coal demand, consumption, stocks, spot- and long-term prices with respect to the Indian Market.
India Steel Market Watch (English) Monthly
ISMW is a brand new high-end steel market report, covering all aspects of the steel industry in India.
Steel Insights(English) Monthly
Steel Insights delves into various facets of the domestic and global steel industry such as market fundamentals, raw material price trends, price forecasts etc.