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Chinese August Crude Steel production hit a new record high

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SHANGHAI (Scrap Register): Chinese crude steel production hit a new record high during the month of August this year as mills boosted production amid strong profit margins.

Chinese crude steel production shot up by 8.7 percent year-on-year to 74.59 million tons during the month of August this year, trumping the previous all-time monthly high in July.

Chinese crude steel production has advanced by 10.3 percent year-on-year during the month of July and it showed an increase of 5.1% during first seven months of this year.

Chinese crude steel output has climbed another 5.6% to 566.41 million tons during January-August this year.

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