China’s late-August crude steel output drops on higher production costs

Crude steel output by members of the China Iron & Steel Association (CISA) dropped in late August, with mill margins squeezed by higher production costs, sources told Fastmarkets.

Crude steel output across CISA member mills decreased by 7.65% to 2.05 million tonnes on a daily average basis during August 21-31 compared with August 11-20, according to data published...