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You are here: Home → Archive → 2009 → November → Weekly Edition 19th November 2009 → Steel rally maintained as China powers on

Steel rally maintained as China powers on

by Liz McCarthy, London — last modified Nov 19, 2009 02:41 PM

CHINA continued its steel rally in October with 51.8m tonnes of the material produced despite a 30% drop in iron ore volumes.

Spurred on by rising steel prices, the figure was just shy of the record 52.3m tonnes Chinese mills produced in August.
Preliminary customs data also shows that 45.5m tonnes of iron ore was imported last month compared to a...

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