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August's steel output dips
Source: Xinhua |
September 21, 2012, Friday
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Print Edition
Print Edition
CHINA'S steel output dropped in August and prices of steel products have continued to fall, data from the National Development and Reform Commission showed yesterday.
Crude steel production declined 1.7 percent annually in August, contrasting with the 13.8-percent growth in the same period last year, the NDRC said in an online report.
In August, the composite price index for China's domestic steel products averaged at 104.39 points, pulling back 7.64 points from the previous month and down 30.78 points from a year earlier, the NDRC said.
In the first eight months, China produced 481.57 million tons of crude steel, a rise of 2.3 percent annually.
Crude steel production declined 1.7 percent annually in August, contrasting with the 13.8-percent growth in the same period last year, the NDRC said in an online report.
In August, the composite price index for China's domestic steel products averaged at 104.39 points, pulling back 7.64 points from the previous month and down 30.78 points from a year earlier, the NDRC said.
In the first eight months, China produced 481.57 million tons of crude steel, a rise of 2.3 percent annually.
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