Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) dropped for a 13th consecutive month on-year in August, by 3% on-year to 150.55 million tonnes. India continued to buck the trend but its output rose more slowly, while Chinese output rose for the first time in multiple months, Kallanish notes.
Chinese output inched up 0.5% on-year 83.87mt, with Indian output up 1.2% to 10.2mt. Japanese and South Korean output fel…
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