JSW Steel reported the Crude Steel production for the month of July 2021 was at 1.382 million tonnes on standalone basis, up 11% YoY.

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The report also forecast that the growth of China's construction sector is likely to stabilize in the second half of the year.

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They said many domestic companies will likely face pressure in gaining orders from overseas markets for the rest of this year.

Latest data shows that Chinese iron ore imports in July were 88.5 million tonne down 1% MoM and 21% YoY. YTD Chinese iron ore

Hoa Phat Group's steel output in July reached 700,000tonnes, up 70 percent from the same period last year.