Output of steel in China in July 2022 down 5.2% YoY.

Output of pig iron in China in July 2022 down 3.6% YoY.

Output of crude steel in China in July 2022 down 6.4% YoY.

Output of ferroalloys in China in July 2022 down 6.9% YoY.

Output of coke in China in July 2022 down 1.0% YoY.

The European scrap supply system is highly dependent on inland river transportation.

The daily Argus ICX 62pc iron ore index was at $108.75/dry metric tonne on 10 August, lower by 33pc from a year earlier.

China's producer price index, which gauges factory-gate prices, increased 4.2 percent year-on-year in July, following a 6.1 percent rise from the previous month, the NBS said.