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China's Steel production declines in October

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BEIJING (Scrap Register): China’s steel output fell to a seven-month low in October, according to latest official data.

The country produced 81.52 million tonnes of crude steel in October, down from both 82.77 million tonnes in September and 82.55 million tonnes a year earlier, data from the National Bureau of Statistics showed. That marked the lowest level since March.

For the first 10 months of the year, China churned out 829.22 million tonnes of steel, up 7.4% from the same period last year, the data showed.

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