NBS: Crude steel output in key China hubs falls 2.9% YoY in Jan-Sept

Crude steel production among China's top 10 steelmaking provinces and autonomous regions totaled 518.88 million tonnes over January-September, slipping by 2.9% compared with the first nine months of last year, according to the latest data from the National Bureau of Statistics (NBS).

The rate of decrease slowed slightly from the 3% decline seen in the January-August data, mainly due to the marginal recovery in crude steel output in these provinces in September. During last month alone, production of crude steel among the top steel hubs had increased by 1.7% on year to reach 51.75 million