The world’s largest steel producer (and consumer) is seeing output slow sharply; the rest of the world will feel the after-effects
Crude steel output data for September released by the World Steel Association shows the extent to which China’s steel industry has been hit by the pollution-related curbs and more recently the power shortage. China’s steel production has been declining since May, as the chart alongside shows. But September’s output declined by a massive 21.2 percent over a year ago and by 11.3 percent over August. (image) For now, it appears the power shortage will continue to affect output but even…
