Steel output hits record in June, Trump set to act

Output of crude steel was 73.23 million metric tons in June, 5.7% more than a year earlier

China’s old economy is displaying greatly renewed vigour. Output of steel and aluminum hit records last month, with mills and smelters boosting run-rates of the products used to make buildings, cars and appliances just as the Trump administration in the US weighs steps to roll back imports.

Output of crude steel was 73.23 million metric tons in June, 5.7 per cent more than a year earlier, and up 4.6 per cent to 419.75 million tons in the first half, the statistics bureau said on Monday. Supply of aluminum rose 7.4 per cent to 2.93 million tons last month, and gained 8.8