NBS: China Crude Steel Daily Average Output Down 1.3% in July
Steel Output
According to National Bureau of Statistics, Chinaâ??s crude steel, pig iron and steel products totaled 93.36 million tons, 78.18 million tons and 116.89 million tons, up 9.1%, 8.8% and 9.9% year on year. The daily average output in July was 3.0116 million tons, 2.5219 million tons and 3.7706 million tons, down 1.3%, 1.3% and 2.4% from June.
Steel Supply
According to calculations, in July 2020, Chinaâ??s crude steel and finished steel products supply totaled 93.48 million tons and 115.31 million tons, up 12.70 million tons or 15.7% and 13.68 million tons or 13.5% year on year.
During January to July, the supply of crude steel and steel products were 576.1 million tons and 701.02 million tons, up 33.75 million tons or 6.2% and 36.16 million tons or 5.4% year on year.
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