Doubts Arise Over China’s Latest Steel Production Numbers
01/22/2024 - Skepticism is again rising over China’s official economic activity measures, with steel being a prime case in point, report the (London) Financial Times.
According to the Times, steel output, according to the numbers was set for a significant year-over-year expansion, but suddenly fell in December, dropping 15% year over year.
“It is fair to say that we don’t believe these numbers,” BMO Capital Markets analyst Colin Hamilton told the Times.
You can read more here.
-(1).png?width=100&height=200&mediaprotectionhash=29c1568c81ef2e54bf081a1e471c9d1f441087a685089252057f80873c4ab664&ext=.png)
