Fat Margins Push Chinese Steel Output to May Record
06/14/2018 - Chinese steel production rose to record 81.1 million metric tons in May as mills boosted output to capture profits, reports the Reuters news service.
“Steel mills have been running full-load and adding scrap steel to increase output in order to cash in on strong margins,” Zhuo Guiqiu, senior analyst at Jinrui Futures, told the news service.
Reuters has the full story here.
