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China crude steel output hits record daily high in September

From reuters.com

China’s daily crude steel output hit a record high in September, official data showed on Monday, rising 0.9% from the previous month as mills ramped up production to meet demand from infrastructure projects.For the month, production dipped 2.4% from August - which has an extra day - to 92.56 million tonnes, data from the National Bureau of Statistics (NBS) showed. That was up 11.8% from September last year. Average daily output for the month was 3.09 million tonnes, according to Reuters calculations based on the NBS data, up 0.9% from August and the highest figure on Reuters records since 2014. China’s crude steel ... (full story)

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  • Category: Fundamental Analysis