Chinese output data came out yesterday. Industrial production allegedly grew by 5.2%.
Turning to steel, output was down 3.7% year-to-date. 
Pig iron is down 3.1% year-to-date.
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Turning to steel, output was down 3.7% year-to-date. The full text of this article is available to MacroBusiness subscribers
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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