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China's August Steel Output Sets a New Record
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2017-10-02
In light of the price rise in steel, China's steel capacity went full throttle in August and set a new record in history.
The output in the first 8 months reached record-breaking 566 million tons, up 5.6% from the last period.
China's threaded steel price in August had once reached RMB4,396 per ton, which translates to an accumulated rise of 30% in this year.