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China's May crude steel output hits new record high at 81.13 million tonnes

The world's biggest steel maker produced 81.13 million tonnes of crude steel last month, up 5.8 per cent from the previous month and 8.9 per cent from the same month last year

Reuters  |  Beijing 

China's daily crude steel output surged to a fresh record in May, offical data showed on Thursday, as mills pumped out the construction material at full capacity to take advantage of strong profit margins. The world's biggest steel maker produced 81.13 million tonnes of crude steel last month, up 5.8 per cent from the previous month and 8.9 per cent from the same month last year, according to data from the National Bureau of Statistics. Daily average output climbed 2.4 per cent to 2.62 million tonnes in May from April, according to Reuters' calculations based on the ...

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First Published: Thu, June 14 2018. 10:35 IST
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