China's December steel output rose 4.5 per cent from the prior month, official data showed on Tuesday, as demand for the material used in construction increased following stepped-up government support for the property sector. China, the world's largest steel maker, produced 77.89 million tonnes last month
China's December steel output rose 4.5 per cent from the prior month, official data showed on Tuesday, as demand for the material used in construction increased following stepped-up government support for the property sector.
China's steel mills have struggled with weak margins in recent months because of sluggish demand from a slowing economy and weak activity in the property sector. Demand from the construction sector is expected to remain weak because of the depressed property market.
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