Global Steel Production (Oct.)

World Steel Association (WSA) data, released this afternoon, show a 3.3% y/y rise in global steel output in October, as higher Asian output more than offset lower production at US steelmakers. After a weak start to the year, global production has accelerated sharply in the past few months. Output is now down by just 0.1% y/y in the first ten months of 2016.

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