China mills clipping production shows up in lower data
Aug 16, 2019 09:00
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