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China mills clipping production shows up in lower data

Steps taken gradually by many Chinese steel mills over the past week to control their steel production to avoid sliding into loss – or, for those already losing money, clawing their way back – has resulted in the country’s steel output dipping further over the past few days.
For example, Mysteel’s weekly production survey released on August 15 showed that during the August 8-14 period, rebar output among the 137 longs steelmakers across the country which Mysteel tracks regularly declined again by 100,900 tonnes or 2.7% on week to 3.6 million tonnes. “We decided last Sunday to temporarily suspend

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