Chinese steel output drops for fifth month
Dec 09, 2011 | 03:17 PM
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Tags
China,
crude steel output,
fifth consecutive month,
fall,
mills,
steel market
SHANGHAI, China — China’s crude steel output fell in November for the fifth consecutive month as mills reduced output on fewer orders amid a weak market.
China’s crude steel output averaged 1.7 million tonnes per day last month, down 5.7 percent from October. Production totaled 49.9 million tonnes in November, down 0.2 percent from the same month last year, but year-to-date output of 631 million tonnes remained 9.8 percent higher than in the first 11 months of last year.....
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