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China's Jun crude steel output increases 8% on year at 80.20 mil mt

Singapore — China's crude steel output in June reached 80.2 million metric tons, up 7.5% year on year, data released by the National Bureau of Statistics on July 16 showed. The annual growth rate decelerated from the 8.9% rise in May's crude output. However, the daily crude output in June reached a new record high of 2.67 million mt/day, up 2.2% from May's 2.6 million mt/d, which was the previous record high.

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June's annualized output was at 976 million mt, up by a hefty 17% from the crude steel output for the whole of 2017 at 832 million mt.

Over January-June, China's crude output totaled 451 million mt, up 6% year on year.

Meanwhile, China's pig iron output increased 3.8% year on year to 65.88 million mt in June. In the first half of 2018, pig iron output totaled 373 million mt, up 0.5% on the year.

--Staff, newsdesk@spglobal.com

--Edited by Norazlina Juma'at, norazlina.jumaat@spglobal.com