Economy
September 24, 2017
Chinese Steel Production Outpaces World
Written by Peter Wright
Growth in Chinese steel production continues to outpace the world, according to a Steel Market Update analysis of World Steel Association data.
Production in the month of August was 143,580,000 metric tons, down slightly from 143,729,000 metric tons in July. Capacity utilization was unchanged at 71.7 percent. The three-month moving averages (3MMA) that we prefer to use were 142,893,000 metric tons and 72.1 percent, respectively. Figure 1 shows monthly production and capacity utilization since January 2000.
