China’s Daily Steel Output Slides on Declining Demand, Prices
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China’s daily steel production in May fell from the previous month and may decline further in June as mills cut output because of waning demand and prices.
The daily output was 1.98 million metric tons last month, compared with 2.02 million tons in April, based on monthly data collated by the National Bureau of Statistics. Crude-steel output was 61.23 million metric tons in May, the bureau said today in an e-mail, and 60.57 million tons in April.