As per National Bureau of Statistics, China has produced 59.3 million tonnes of crude steel in the past July up by 15.5%MoM with the daily hitting at 1.91 million tonnes the lowest record since this year. During January to July the total output of crude steel came at 410.364 million tonnes up by 10.3%YoY.

In Jul alone, the output of pig iron was arriving at 55.062mln tonnes, up by 17.3%YoY. And the accumulated volume stood at 379.327 million tonnes in the first seven months this year. And that of the steel products went at 75.717 million tonnes up by 14.9%YoY with the output totalled at 514 million tonnes during the same period up by 13%YoY.