Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

China’s crude steel production in July rose by 9.1pc to 93.36mn mt from July 2019 amid robust domestic steel demand supported by a recovery in economic activities, according to official data cited by China Iron and Steel Association. Crude steel production for the seven-month (Jan-July) period was 591.17mn mt, up 2.8pc from the prior period.


In July, China’s pig iron output rose by 8.8pc to 78.18mn mt from prior July, while in the Jan-July period production was 510.86mn mt, up by 3.2pc from a year ago.


China’s steel products output rose to 116.89mn mt, up by of 9.9pc from prior July. The output from Jan-July rose by 3.7pc to 723.95mn mt from the prior year period.


Average daily crude steel output in July was 3.01mn mt, down by 1.3pc from the prior month, while the average daily output of pig iron was 2.52mn mt, and steel products output was 3.77mn mt.


Steel production continue to rise in China despite oversupply and significant drop in export. China daily steel output in the first 10 days of August rose by 5.14pc from the prior year period, but fell by 0.87pc from late-July.    



China’s primary aluminum output in July rose by 3pc to 3.1mn mt from the prior July, according to official data. Primary aluminum production in the seven month period (Jan-July) increased by 2.5pc to 21.13mn mt from the prior period. 


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