‎According to data from China’s National Bureau of Statistics, the country’s crude steel production reached 77.92 million tons in August 2024, representing a 10.4% decrease from 86.41 million tons in the same period in 2023. ‎

‎In the January-August 2024 ‎‎period,‎‎ China’s crude steel production decreased by 3.3% compared to the same period last year to 691.41 million tons. China’s domestic ‎‎steel‎‎ demand remained weak last month, mainly due to an ongoing downturn in the real estate sector, a major steel consumer.‎