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July 2017 | Ferro-alloys


China’s crude steel output jumps 6% Y-O-Y in June: Crude Steel Highlights


Higher margins for downstream products owing to sustainable demand at home has prompted accelerated crude steel production in order to take advantage of improved profitability.

China’s crude steel production continued its upward trajectory in June with data from China’s National Bureau of Statistics (NBS) revealing that Chinese mills produced 73.23 Mt of crude steel last month, up 5.7% from 69.47 Mt a year earlier. While the output in June is 1.3% higher than May’s 72.26 Mt, it has also outpaced April’s record high of 72.78 Mt. Data from the NBS further suggests that China’s daily crude steel output rose to an all-time high of 2.44 Mtpd last month. In fact, in the first half of the year, Chinese mills produced 419.75 Mt of crude steel, up 4.6% year-on-year. The gains in China’s crude steel production have been largely triggered by demand from end-use markets. This...

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