12
Feb
05:38
MIIT: Actual Chinese steel output fell in 2017
China’s Ministry Industry & Information Technology (MIIT) says actual crude steel output last year should be lower than in 2016 after taking into account mislabelled steel capacity elimination, Kallanish notes. Actual iron ore demand should also decrease amid the slide in steel output and increasing scrap usage.
Based on official data, China reported 832 million tonnes of crude steel production in 2017, up by 5.7% year-on-year.
MIIT publis…
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Anonymous
Very good overview of the weekly steel market.
Anonymous