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China’s steel output hits new record high in August

Argusmedia - China's crude steel output hit a new record high in August as firm domestic demand extended into the traditional late summer low season.

Crude steel output stood at 94.85mn t in August, up by 1.6pc from July and higher by 8.4pc from a year earlier, according to data from the national bureau of statistics.

Average daily crude steel output increased by 1.6pc to 3.06mn t/d from 3.012mn t/d in July.

Total production in January-August rose by 3.7pc from a year earlier to 688.89mn t. August output equated to 1.1169bn t/yr on an annualised basis.

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