XM does not provide services to residents of the United States of America.

China revises up 2023 crude steel output by nearly 1%



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>China revises up 2023 crude steel output by nearly 1%</title></head><body>

BEIJING, Nov 8 (Reuters) -China, the world's largest steelmaker,revised up its total crude steel output for 2023 by nearly 1%, official data showed.

It produced approximately 1.029 billion metric tons of crude steel in 2023, according to the statistics yearbook for 2024 by the country's National Bureau of Statistics (NBS).

That was up from 1.019 billion tons NBS published in January nL1N3E705D, with the NBS website still showing the number without a change.

Beijing has imposed a cap on its total annual crude steel output as part of efforts to limit the emissions of carbon dioxide from 2021 when output slid by 3% from a peak of 1.065 billion tons in 2020.

It fell further by 1.7% to 1.018 billion tons in 2022.

Output in 2023 halted a two-year decline.

Output in the first nine months of this year fell by 3.6% on the year to 768.48 million tons, NBS data showed, with the October data to be unveiled next week.





Reporting by Amy Lv and Colleen Howe; editing by David Evans

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.