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China's metal makers a crucible for records as output surges

A 4.6% increase in steel production in H1 runs counter to expectations output will at best level off in 2017

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China's steel mills are running at very high rates and electric furnaces are ramping up production amid good margins, says Yu Chen, an analyst with Mysteel Research. "Demand has also beaten expectations. We see property sales, infrastructure, auto sales all pretty good in June.

Shanghai

CHINA'S old economy is displaying greatly renewed vigour. Output of steel and aluminium hit records last month, with mills and smelters boosting run-rates of the products used to make buildings, cars and appliances just as the Trump administration in the United States weighs

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