China’s crude steel output hits 99.50 mn t in May ’21

China’s crude steel output touched 99.50 mn t in May ’21 in comparison with 97.85 mn t a month ago, up 2% m-o-m, according to data from the National Bureau of Statistics.

Overview:

• On an annual basis, steel output surged 6.6% compared to 93.33 mn t a year ago.
• China’s crude steel output in Jan-May ’21 rose 13.9% to 473.1 mn t
• Robust downstream demand and higher profit margins pushed Chinese mills to produce more steel, SteelMint notes.