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12 Dec
00:00

Chinese steel demand falls 4.7% y-o-y in November

China produced 63.3 million tonnes of crude steel in November this year, 0.2% less than in the same month of last year, according to the National Bureau of Statistics (NBS). This implies that China’s apparent steel demand was down 4.7% year-on-year in November to 51.55mt, Kallanish calculates, once yield loss during rolling and net exports are taken into account, Over January-November, China produced 758.67mt of crude steel, up 1.9% y-o-y, while export…
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