China's July crude steel output eases from prior month on regional production curbs
BEIJING :China's crude steel output in July eased 0.34 per cent from the prior month, the statistics bureau said on Tuesday, because of production restrictions in Tangshan city in northern China and Sichuan province in the southwest.
The month-on-month decline in steel output was mainly because of production restrictions in Tangshan, with output there clearly contracting from July 20, said Cai Yongzheng, a Nanjing-based director of Jiangsu Fushi Data Research Institute. Also, a number of steel mills in southwest China's Sichuan province scaled down production to ensure normal power supply during the holding of the FISU Summer World University Games over July 28-Aug. 8 in Chengdu, the capital of Sichuan.
China produced 626.51 million tons of crude steel in the first seven months of the year, up 2.5 per cent from the same period the year before, NBS data showed.
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