China’s Steel Output Retreats In Mid-Sep, But Decline Seen Too Modest

China’s daily crude steel output fell slightly in mid-September, according to China Iron & Steel Association data, but overall, September output could still be higher than in August, market sources said Sept. 25.

While steel output is expected to remain relatively elevated in the near term, end-user demand is likely to come under pressure due to a slowing property sector, they said. China’s property sector is the largest steel demand consumer.