Forbes: China Suffers Another Dismal Month Of Steel Production

 By SIMON CONSTABLE

China’s economy continues to look wretched.

We know this because the country’s steel production continued to drop for yet another month. It fell 6.4% in July, and is down 6.4% for the first seven months of year, according to new data from the World Steel Association. 

For years China has been the world’s largest steel producer with output of 1.3 billion metric tons of the metal in 2021, or more than half of global production. In other words, it’s the world’s major producer. Read more here.