14
Mar
09:32
Chinese steel output falls but demand steady
Chinese crude steel output declined -7.25% year-on-year to 121.07 million tonnes in January-February, according to the National Bureau of Statistics. Although apparent steel consumption is down, real demand is flat y-o-y, Kallanish calculates, and while steel inventory is increasing, there is some support for steel prices.
Two-month apparent steel consumption fell -8.26% to 99.02mt, while real steel demand only fell -0.35% to 78.19mt. Lower inventories…
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Anonymous
Very good overview of the weekly steel market.
Anonymous