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Chinese steel output in September slips from record as smog war bites- The 19th China£¨Guangzhou£©Int¡¯l Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
10/24/2017 Sheetmetal machinery, Forging, Stamping expo |
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Global Times reported that China''s steel output dropped in September from a record high the previous month as mills cut production in line with the country''s campaign for clearer skies. Crude steel output hit 71.83 million tonnes in September, the lowest since February and down from 74.59 million tonnes in August
Before slipping last month, Chinese mills had mostly been churning out steel at a record rate from March to August amid strong domestic demand, fatter profit margins and an environmental crackdown that shut out some other producers.
Some analysts have estimated at least 30 million tons of China''s steel output may be lost during the winter season, which starts mid-November, or nearly 4 percent of last year''s production. But that number could be bigger, with mills in several cities already slashing output as early as this month.
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The 19th China£¨Guangzhou£©Int¡¯l
Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition
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