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China's record daily steel output in April bodes ill for world rivals

Mills ramp up production to take advantage of a price spurt that has given them big profits

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Crude steel output over April rose 0.5 per cent to 69.42 million metric tonnes from a year earlier, China's National Bureau of Statistics said on Saturday.

Beijing

CHINA's record daily output in April bodes ill for an embattled global steel industry already reeling from a deluge of exports from the world's top producer.

Crude steel output over the month rose 0.5 per cent to 69.42 million metric tonnes from a year earlier, the National