China’s crude steel output drops 8% m-o-m in Oct’22

China’s crude steel output dropped by 8% m-o-m to 79.76 mnt in Oct’22 compared with 86.95 mnt in the previous month. However, production rose by 11% y-o-y against 71.58 mnt in Oct’21, as per data released by the National Bureau of Statistics (NBS). During Jan-Oct’22, production volumes dropped by 2% y-o-y to 860.57 mnt.