NBS: Jan-Oct crude steel output in China's key steel hubs falls faster YoY

Crude steel production among China’s top 10 steelmaking provinces and autonomous regions fell 4.3% on year to 583.47 million tonnes during this year’s January-October period, widening the 3.3% on-year decline seen in the first nine months, according to the latest data from the National Bureau of Statistics (NBS) on November 18.

In October alone, crude steel output in all of these regions declined compared with the same period last year, except for Inner Mongolia. Among them, Shanxi province, a key production hub in North China, posted the steepest drop at 34.2%, while Hebei province, the country's largest steel-producing region, saw output