You are here

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
Tuesday, July 18, 2017 - 05:50

BT_20170718_KVSTEEL18_2986790.jpg
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

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom