China's steel output jumps to new record high in July as demand recovers | WHAT REALLY HAPPENED

China's steel output jumps to new record high in July as demand recovers

As the world’s second largest economy recovers from the coronavirus pandemic, its steel sector reached record high output last month, according to fresh industry data.

China produced 93.36 million tons of crude steel in July, or 3.05 million tons a day, which is over nine percent more than it did over the same period last year, Chinese media reported on Monday citing the China Iron and Steel Association (CISA). The figures coincide with data from the National Bureau of Statistics (NBS), released earlier this month.

July crude steel output exceeded the previous monthly record of 92.27 tons set in May. From January to July, China churned out 593.17 million tons of crude steel, with production rising 2.8 percent year-on-year, the NBS data showed.

Tags:

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA