15
Jun
15:23
China’s May steel output inches higher, demand lags
Chinese steel output picked up a little in May from April, according to official data, but demand fell further. Steel demand over the first five months of the year averaged around 10 million tonnes/month lower than in 2021, Kallanish notes.
In May, China produced 96.61mt of crude steel, down 3.5% year-on-year but up from 92.78mt the previous month, according to the National Bureau of Statistics (NBS). That left output over five months down 8.7% y-o-y at 435.02mt.&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous