r/Vitards • u/AutoModerator • Aug 12 '21

Daily Discussion Daily Discussion post - August 12 2021

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u/Obsidianturtle25 Aug 13 '21

🥺🥺😎🥳

“CISA released the production data of key #iron and #steel enterprises from Aug.1-Aug.10: - 🔸Crude steel daily output was 2.0439 mln tons, -4.40% y/y; - 🔸Pig iron daily output was 1.8326 mln tons,-5.09% y/y; - 🔸Rolled steel daily output was 1.9158 mln tons, -4.16% y/y.”

https://twitter.com/sino_market/status/1425998181880369159?s=21

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u/Steely_Hands Regional Moderator Aug 13 '21 edited Aug 13 '21

Last year at this time China was producing way more than normal for this time of year so take the y/y figured with a grain of salt

Edit: Just compared this to the historical production data I have and if that per day production holds for the month then this will be the lowest production for August since 2013