Briefly

Daily crude steel output down

China's major steel mills saw their average daily output of crude steel skid 4.4 percent year-on-year to about 2.04 million tons in early August, according to the China Iron and Steel Association. The country reported the first year-on-year contraction in crude steel output in late July since the start of 2021, eyeing a 3.03-percent decrease. As part of the green shift by its energy-consuming steel industry, China has vowed to ensure that its crude steel output falls in 2021 from a year earlier. In 2020, the crude steel output rose by 5.2 percent year-on-year to exceed 1.05 billion tons, according to the association.

Shaanxi's Jan-July foreign trade grows

The foreign trade of Northwest China's Shaanxi province rose by 25.1 percent to around 265.4 billion yuan ($40.95 billion) in the first seven months of this year, local Customs authorities said. The figure represents the first time this year that the growth rate of Shaanxi's foreign trade has exceeded that of the whole country, said Customs of the provincial capital Xi'an. During the period, the province's exports stood at 136.2 billion yuan, up by 30.3 percent year-on-year, while its imports rose by 20.1 percent to 129.1 billion yuan, it said.

Xinhua - China Daily