Tag: China’s steel industry weakens further in Aug’26

China’s steel industry remained under pressure in August 2026, despite stronger growth in overall industrial production. Industrial value added rose 5.2% y-o-y in August, accelerating from July, but crude steel output fell 3.7% y-o-y to 74.6 million tonnes (mnt). Finished steel production declined 5.5%, widening the contraction from July, as weak domestic demand and poor…