Chinese crude steel production rose 3% from 50.7 million metric tonnes in July to 52.3 million tonnes in August. This is 23% higher than August 2008 production.
Finished steel exports continued the climb started in June by increasing 15% in August to 2.08 million tonnes. In comparison, last year’s August exports were 7.68 million tonnes. Net finished steel exports in August grew to 490,000 tonnes and apparent domestic consumption of finished steel increased 2% to 49.3 million tonnes.