China's Crude Steel Output Continues to Fall

(CRI) Crude steel output in China continues to decline.

New data shows crude steel production has dipped around 2-percent year on year in the first seven months.

This compares to an almost 3-percent increase during the same period of last year.

Chinese steel manufacturing has cooled down this year amid the government's restructuring efforts.

Steel prices have also remained weak.

Source: CRI