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Chart of the Day | Steel output is losing its glint

A sharp cut in China’s output is accompanying slippages in other major countries, India is among the few exceptions

May 26, 2023 / 12:24 PM IST
Chart of the Day | Steel output is losing its glint

A pullback in China’s steel mills’ output was known as the chief reason why iron ore prices were feeling the pressure. But World Steel Association data on crude steel output puts a definite number to it. And, it’s not just China that is feeling the heat but six out of the top 10 steel-producing countries reported a decline in output in April. (image) Global crude Steel Output declined in China as well as rest of the world The chart ‘Crude...

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