You are here

China's Sept steel output close to peak level

BT_20141022_STEEL22_1331118.jpg
REELING FROM SUPPLY GLUT: Mills are still close to full capacity despite weak demand, and global iron ore miners are pushing ahead with expansion plans.

Beijing

CHINA'S daily crude steel production rose 1.3 per cent in September to the highest level in three months, according to data from its statistics agency.

This suggests that mills are still close to full capacity despite weak demand and a steep slump in prices. Persistently

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom