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Still, steel prices remain well below a record high of CNY 6198 a tonne reached in May, as China pledged to limit crude steel output in 2021 at no higher than 1.065 billion tonnes it made last year. Meanwhile, China's domestically-produced iron ore concentrates slipped for a 4th week on August 16-20, amid lower demand from Chinese mills due to lower steel output, Perfectrding to Mysteel.
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This article provides a general overview of the (industrial) producer price index (PPI), sometimes also called output price index, as it is calculated andCustom at the level of the European Union (EU) and its Member States.Please also see the monthly Eurostat News Release 3 August 2021.
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