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Print[Ferro-Alloys.com] Recently the steel production in July fell from the previous month as some plants started to cut output as prices fell to the lowest in 33 months.
Output was 1.99 million metric tons a day last month, compared with 2 million tons in June, the second highest on record, based on monthly data from the National Bureau of Statistics.
Total crude steel production was 61.69 million tons in July, the bureau said on Monday, and 60.2 million tons in June.
Domestic steel prices in China have dropped 17 percent from April to the lowest level since November 2009, overwhelmed by rising capacity and sluggish demand from builders and makers of machinery and appliances.
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