China's steel output down in October
Xinhua, November 21, 2015 Adjust font size:
China's crude steel output dropped 3.1 percent year on year in October, widening from a decline of 0.3 percent for October 2014, the top economic planner said Saturday.
In the first 10 months of this year, crude steel production dropped 2.2 percent year on year to 675.1 million tonnes, the National Development and Reform Commission said in a statement.
The production of rolled steel products rose 1 percent to 934.3 million tonnes in the same period.
The composite price index for domestic steel products stood at 60.11 points in October, down 1.62 points from September and 26.24 points from a year earlier, the statement said.
The weak data came amid indicators of slowing economy. The country's GDP expanded by 6.9 percent in the third quarter of this year, the slowest quarterly growth in six years. Endi