Top Steel Producer China Revs Up Output Again on Higher Prices

September 13, 2016 3:20 AM

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China’s steel output rebounded in August as prices rallied, delivering an early warning to world leaders who earlier this month pledged to tackle the global glut of the metal.

Production of crude steel in the world’s biggest supplier rose to 68.57 million metric tons in August, up 3 percent from a year earlier and 2.6 percent higher than in July, according to the country’s National Statistics Bureau on Tuesday. For the first eight months, output of 536.32 million tons was...

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