Chinas crude steel output rebounded to 2.13 million
tonnes per day in mid-July on the back of higher prices, up 2.3
percent from 2.083 million tonnes per day in the first 10 days
of July, according to estimates from the China Iron and Steel
output also rose 1.6 percent to 1.72 million tonnes per day in
the same comparison.
Market players expect
crude steel output in late July to rise further, increasing
pressure on the market.
A version of this
article was first published in AMM sister publication Steel