Tag: China’s top crude steel producing provinces see dip in Q1 amid demand
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China’s top crude steel producing provinces see dip in Q1 amid demand, margin squeeze
Four out of seven key provinces see decline Consumption decline higher than output fall Steeper iron ore prices further dent margins Morning Brief: China’s crude steel production, after rising 1.6% y-o-y over January-February, 2024, fell back. Volumes dropped slightly by 5 mnt or 2% to 257 million tonnes (mnt) over January-March, 2024 (Q1CY’24) compared to…