BEIJING : China's November steel output fell 6.5 per cent from the previous month, official data showed on Thursday, as some steelmakers were forced to cut production to meet capacity control targets.
Production was up 7.3 per cent compared with the same month a year ago, however. Output in November 2021 was at a multi-year low of 69.31 million tonnes because of major power shortages and curbs on polluting industries. China's ailing property market has reduced demand for steel while steelmakers in Shanxi and Jiangsu provinces also had to lower production last month to meet capacity control targets, an iron ore trader said ahead of the data release.
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