China’s crude steel production statistics show diverging trends
Dec 17, 2013 | 11:58 AM
LONDON Chinese crude steel production data released by two official sourcesthe National Bureau of Statistics (NBS) and the China Iron and Steel Association (Cisa)is inconsistent and often shows diverging trends, with the gap widening significantly recently.
NBS data put Chinas daily crude steel output in November at 2.03 million tonnes, the lowest level so far this year. This compares with a year-to-date daily average of 2.13 million tonnes.
But Cisa put daily output for the last 10 days of the month at an average of 2.09 million tonnes, down from 2.13 million tonnes in the prior 10 days and 2.14 million tonnes in early November.....
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