Steel Rises Amid Falling Global Output

Steel rebar futures climbed to around CNY 3,109 per ton, reaching a one-week high after World Steel Association data showed global crude steel production fell 1.2% year-on-year to 144.2 million tons in August. On a monthly basis, global crude steel output also declined 3.3% from the 149.2 million tons produced in July, with China's 2.3 ...