• 14/08/2022 11:42 pm

According to data from the National Bureau of Statistics, China produced 93.36 million tonnes of crude steel in July 2020, 1.9% higher than the output in June and up by 9.1% from July 2019. For the first seven months of the year, China produced 593.17 million tonnes of crude steel, rising 2.8% from the same period in 2019

Chinese government has boosted infrastructure spending, while the manufacturing sector rebounded as economy reopened after lockdown restrictions. The consumption of steel in July was underpinned by demand for flat steel products used in products from cars and appliances, even as heavy rain hurt demand for steel products used in construction activities.

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