China Makes a Record Amount of Steel in June
07/15/2016 - Chinese steel mills produced crude steel at a rate of 2.32 million metric tons per day in June, making the month the busiest ever -- on a daily basis -- for the country’s steelmakers, reports the Bloomberg news service.
“The June figures have indeed exceeded expectations,” Dang Man, a steel analyst at Maike Futures Co. in Xi’an, told Bloomberg.
“This probably shows that steelmakers are focused on boosting output because they’re eager to capture higher profit margins.”
Despite the increase, overall output during the first half of 2016 is down slightly from 2015, Bloomberg said.
Bloomberg has the full story here.
“This probably shows that steelmakers are focused on boosting output because they’re eager to capture higher profit margins.”
Despite the increase, overall output during the first half of 2016 is down slightly from 2015, Bloomberg said.
Bloomberg has the full story here.
