BEIJING : China's daily crude steel output in September fell to the lowest since December 2018, according to Reuters calculations based on official data, as a power crunch in much of the country and environmental curbs slowed down factory activity.
China's average daily crude steel output was 2.46 million tonnes in September, down 8.6per cent from average output in August, Reuters calculations showed. Industrial production in the world's second-biggest economy had declined recently because of power rationing triggered by coal shortages, impacting sectors such as steel and aluminium.
Production at long-process steel plants was also restrained by Beijing's efforts to reduce smog and carbon emissions and the pledge that 2021 production cannot exceed last year's record 1.065 billion tonnes.
India doing very well.
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