Global crude steel output falls 1.2% in August; China down 3.7%

Global crude steel production declined 1.2% year-on-year in August, driven by a 3.7% drop in China, the world's largest producer. Türkiye's output rose 6.8% in the January-August period, reaching 26.6 million tons, indicating regional divergence. The data signals softening industrial demand, particularly in China, with implications for global growth and commodity prices.