Global Steel Production Takes a Breather on China Cuts
Steel production data is a key indicator for investors, as it offers insights into steel supply (AKS). In the first eight months of 2018, global steel production has risen 4.8% as compared to the corresponding period in 2017. After registering strong gains in the first half of the year, global steel production took a breather in August largely due to lower steel production in China (FXI).