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Monthly Record for Chinese Steel Output in June

Economy, Steel

China’s crude steel output rose by 5.7% year-on-year in June to a record 73.2 Mt, the fifteenth consecutive month of annual growth, according to National Bureau of Statistics data reported by Reuters. This contributed to expansion of 4.6% in 1h17 steel output to 419.8 Mt, the highest 1h total on record.

 

Meanwhile, supported by higher factory output, Chinese GDP expanded by 6.7% in the 2q17, unchanged from the 1q17 and above the official target for the whole of 2017 of around 6.5%.