Healthy profit margins sent China's crude steel output to a new high in 2017 after dropping closer to the 800-million-tonne mark in the two preceding years.
The world's second-largest economy produced a total of 831.73 million tonnes of crude steel last year, according to data released by the National Bureau of Statistics (NBS) on Thursday January 18. This is up 5.7% from a year earlier, the bureau said. This also exceeds the previous high of 822.7 million tonnes set...