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China reveals largest ever drop in monthly steel output as struggling property developers roil markets

Amid the bullish pronouncements for the cape sector, one alarming statistic has given owners pause for thought. Beijing revealed this week that Chinese steel output dropped by more than 12% in August to 83.2m tonnes, the greatest year-on-year slump since the global financial crisis, according to data from brokers Braemar ACM. In absolute terms, August’s …

WP_Post Object ( [ID] => 256798 [post_author] => 76 [post_date] => 2021-09-17 06:43:09 [post_date_gmt] => 2021-09-17 06:43:09 [post_content] =>

Amid the bullish pronouncements for the cape sector, one alarming statistic has given owners pause for thought. Beijing revealed this week that Chinese steel output dropped by more than 12% in August to 83.2m tonnes, the greatest year-on-year slump since the global financial crisis, according to data from brokers Braemar ACM. In absolute terms, August’s …

[post_title] => China reveals largest ever drop in monthly steel output as struggling property developers roil markets [post_excerpt] => Amid the bullish pronouncements for the cape sector, one alarming statistic has given owners pause for thought. Beijing revealed this week that Chinese steel output dropped by more than 12% in August to 83.2m tonnes, the greatest year-on-year slump sin... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => china-reveals-largest-ever-drop-in-monthly-steel-output-as-struggling-property-developers-roil-markets [to_ping] => [pinged] => [post_modified] => 2021-09-17 08:39:09 [post_modified_gmt] => 2021-09-17 08:39:09 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=151368 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )