AI Data Insight
China's latest released August pig iron production dropped to 6534.0 10,000 tons, declining further from the previous value of 6765.0 10,000 tons and continuing the downward trend seen since the second quarter. Affected by sluggish real estate investment and narrowing steel mill profits, the market expects it will be difficult for production to see a significant rebound in the short term, reflecting that overall industrial and construction demand remains weak.