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China crude steel output hits record high in May

China’s crude steel production hit a record high of 46.01m tonnes in May, a jump of 10.5% year-on-year and up by 3% on April, Steel Business Briefing learns from China’s National Bureau of Statistics.

China’s exports of finished steel hit 5.56m tonnes in May, topping the 5m t level for the first time since August 2007, as SBB has previously reported. 

Domestic steel prices in May increased by about 7-10%. The robust market demand and high steel prices stimulated production in May, SBB believes.

The year-to-date crude steel production total rests at 216m t, up by 9.4% on the same 2007 period.