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China's June steel output rises 10% on year to 87.53 mil mt

Increase font size  Decrease font size Date:2019-07-16   Views:72
China's crude steel output in June reached 87.53 million mt, up 10% year on year, data released by the National Bureau of Statistics on July 15 showed.

The June daily crude steel output sets another record high at 2.918 million mt/day, up 1.5% from May's average of 2.834 million mt/day.
In January-June, China's crude steel output totaled 492.17 million mt, up 9.9% year on year.

China's crude steel production is tipped to retreat in July, as Tangshan and Handan city, two major steel making hubs in Hebei province, increased steel output cuts in July in a bid to improve local air quality.

Some steel market participants said the market would remain under pressure as downstream demand, especially from construction sites, would be subdued during the low season in July.

Meanwhile, China's pig iron output reached 70.14 million mt in July, up 5.8% year on year. In the first half of 2019, pig iron output increased 7.9% year on year to 404.21 million mt.
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