• China's crude steel output grew 7.8% year on year to 521.84 million tons in the first 8 months of 2013, the National Development and Reform Commission said. Benchmark nationwide steel price index was 101.46 in August, up 2.07 from July. In the first 7 months, the steel industry's profit expanded 7.8% year on year to 84.85 billion yuan.
  • No new steel and cement projects will be approved in Beijing, Tianjin and Hebei until 2016 as the region tries to clean up its environment, according to an announcement by a number of ministry-level government agencies. The region housing massive heavy industries is plagued with severe air and soil pollution.
  • China's crude steel output totaled 2.13 million tons per day in the first 10 days of September, or an annualized 777 million tons, which was up 0.5% from the previous 10-day period, according to China Iron & Steel Association. The increase was driven by large and midsized mills whose total daily output was up 1.3% to 1.76 million tons during the period, while small mills' daily output fell 3.3% to 370,000 tons.
  • The Dalian Commodity Exchange has been allowed to trade iron ore futures. Experts say this will increase hedging against ferrous metals and transactions in steel markets.

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