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Monthly Industry Forecasts > Basic metals

  • October 2013
  • -
  • Oxford Economics
  • -
  • 3 pages

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World crude steel production rose 2% on a seasonally adjusted month-on-month basis in September. Chinese production rose 2.9% on a seasonally adjusted month-onmonth basis, the strongest monthly rise since January. Early indications from CISA suggest the pace of activity slowed in early October and the organisation expects production to ease in Q4 given weaker demand conditions, broadly in line with our own expectations. Elsewhere, US and Japanese output increased by around 1% each. Western European production growth trends were variable. Germany, the UK and Spain all registered monthly rises but output in other key Western European economies declined.

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