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Chinese Steel Output at All-Time High in August
Chinese crude steel production climbed to a new high for the third consecutive month in August, rising by 8.7% year-on-year to 74.6 Mt, according to the country’s National Bureau of Statistics. Lifted by exceptionally strong output in recent months, output in January-August was up by 5.6% on the same period in 2016 at 566.4 Mt.