• China's crude steel output rose 12.8% year on year to 66.28 million tons in August, according to the National Bureau of Statistics.
  • China's crude steel output totaled 2.12 million tons per day (774 million tons annualized) in the last 10 days of August, up 0.1% from the previous 10-day period, according to China Iron & Steel Association (CISA). Daily output at CISA members rose 0.1% to 1.74 million tons (635 million tons annualized). During the first 8 months, China's annualized crude steel output reached 780 million tons, which already exceeded CISA's full-year prediction of 770 million tons.
  • China's steel prices declined slightly in the week through September 8 compared with the previous week, with the prices for hot-rolled coil and rebar edging down 0.2% and 0.4% respectively, Daiwa Capital Markets said in a research report. Steel traders' inventory fell 1.4% week on week and the inventory of steel mills dropped 3% in the last 11 days of August.
  • China's iron ore imports rose 8.3% year on year to 526.12 million tons in the first 8 months of 2013, according to customs figures.

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