Chinese crude steel output increased to all-time high in August

According to the latest data from the National Bureau of Statistics, Chinese crude steel output increased to all time high at 74.6m tonnes in August, up 0.8% m-o-m and up 8.7% y-o-y. This takes steel production to 566.4m tonnes over the first 8 months of the year, up a very substantial 30m tonnes or 5.6% y-o-y.

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