China’s Nov. daily crude steel output falls, but growth seen ahead

Dec 10, 2013 | 11:23 AM |

Tags  China steel, National Bureau of Statistics, crude steel, Baosteel Group, Zhongtian Steel, pollution, China Metallurgical Industry Planning & Research Institute, MPI Li Xinchuang

SHANGHAI — China’s daily crude steel output fell last month to the lowest level this year, but one government-backed think tank sees growth ahead.

China’s daily crude steel production averaged just under 2.03 million tonnes in November, down 3.3 percent from a month earlier and 1.1 percent below the previous low of 2.05 million tonnes per day in January, National Bureau of Statistics (NBS) data released Dec. 10 show.

"Steel mills may have reported lower output as demand slowed down with the onset of winter," an industry analyst in Beijing said.....

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