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China Sets New Steel Production Record Ahead of Winter Curbs

  • Demand risks are rising as pressure on China’s economy grows
  • Some argue that official figures are overestimating output
Updated on

China’s steelmakers pushed production rates to record levels last month, according to official data, underscoring a bullish short-term picture for the world’s biggest market even as risks of a demand slowdown rise.

Output of crude steel rose 7.5 percent on year to 80.85 million metric tons, the statistics bureau said Friday. That means a daily rate of 2.695 million tons, beating the previous all-time high of 2.673 million tons posted in June. Output for the first nine months of the year climbed 6.1 percent to a record 699.42 million tons.