• China's crude steel output rose 7.1% year on year to 455.8 million tons for the first 7 months of 2013; the growth was 5 percentage points faster than in the same period a year earlier, the National Development and Reform Commission said. China exported 35.83 million tons of steel and imported 8 million tons between January and July, up 13.7% and down 1.3% year on year respectively.
  • China's steel sector purchasing managers' index strengthened further to 53.4 in August from 52.5 in July, according to the China Federation of Logistics & Purchasing. New orders less inventories, a key indicator, edged lower in August but remained at the second highest level in over 3 years, according to JPMorgan figures.
  • China's daily crude steel output at major steelmakers averaged 1.74 million tons in mid August, down 1.5% from the previous 10-day period, according to the China Iron and Steel Association. Daily crude steel output nationwide is projected to average 2.12 million tons, down 1.2% from early August. Steel inventories at major steel mills amounted to 12.8 million tons as of August 20, up 5.5% from 10 days earlier.

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