NBS: China's Jan-May pig iron output drops 3% YoY

China's pig iron production in January-May totalled 354.7 million tonnes, 3.1% lower than the same period last year, according to the latest data released by the country's National Bureau of Statistics (NBS) on Tuesday morning.

The 3.1% drop remained smaller than the 3.9% on-year decline recorded in the country's crude steel production during the first five months of this year, Mysteel Global noted. In May alone, China's pig iron output fell by 2.6% on year to approximately 73 million tonnes, which was 3.2% higher than