Tag: china production curbs
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China: Crude steel output declines in Jul’21 amid ongoing production curbs
Chinese mills produced 86.79 million tonnes (mn t) of crude steel in Jul’21, as per data released by the National Bureau of Statistics today. The production volume fell for the second consecutive month with the recent 7.6% m-o-m decline against 93.88 mn t in Jun’21. Similarly, on an annualised basis output slipped 8.4% compared to…