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

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

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

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

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

The LCRC said that since the railway's opening, it has been actively enhancing the transportation organization, optimizing the freight service, and effectively ensuring efficient and smooth transportation.

Lead times for CRC rose slightly to 6 weeks from 5-6 weeks while HDG lead times edged down to 4-5 weeks from 4-6 weeks.

The rise in trade deficit has been attributed to a surge in imports driven by elevated global commodity prices.