China’s Nov.raw steel output falls 2%

Dec 15, 2008 | 11:27 AM |

China's crude steel output reached its lowest level so far this year in November, falling to 35.2 million tonnes, though the pace of decline slowed compared with a month earlier.

November's output represented a fall of 2 percent from October, the smallest such month-over-month drop since July, when major mills started reducing production due to shrinking demand.

November's crude steel output was also down 12.4 percent year-over-year, figures from the country's national statistics bureau showed. This was much less than the 17-percent decline recorded in October, and may indicate that China's crude steel production is hitting bottom, market sources said.....

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