MIIT: China's crude steel output down by 6.5% YOY in H1
The Department of Raw Materials Industry of the Ministry of Industry and Information Technology (MIIT) released the operation report of the steel industry in the first half of 2022. China's crude steel output increased month on month from January to May this year, and fell for the first time in June. The output in June recorded 90.73 million tons, a month-on-month decrease of 5.88 million tons or 3.3%. From January to June, the national crude steel output reported 527 million tons, down by 36.45 million tons or 6.5% compared with the corresponding period last year.