Chinese Crude Steel Output in H1 of 2021 up by 12% YoY
National Bureau of Statistics announced that China's crude steel output fell by 5.6% MOM to to 93.88 million tonnes in June 2021 from a record level of 99.45 million tonnes in May 2021 but up 1.5% YoY. For the first half of 2021, China's crude steel output grew 11.8% YoY to 563.3 million tonnes
Production at some mills in the steel hub of Tangshan city was restrained in late June, with some urged by the government to idle their blast furnaces to try to ensure clean skies for the ruling party's centenary celebration.
China pledged to limit crude steel output in 2021 at no higher than the 1.065 billion tonnes in 2020.