Global News Of Note: Chinese Steel Output Falls While Aluminum Imports Rose
What happens abroad impacts MSCI members in North America. Here is the latest economic, trade, and other policy news of note for the last week:
- According to China’s National Bureau of Statistics, the country’s crude steel output fell 6.9 percent from May 2024 to May 2025 to 86.55 million tons. For the first five months of 2025, China’s crude steel output was down by 1.7 percent from the same period a year before. Read more at this link.
- China’s imports of unwrought aluminum and aluminum products increased 14.7 percent from May 2024 to May 2025, rising to 350,000 metric tons. In the first five months of 2025, China imported a total of 1.67 million tons of unwrought aluminum and products. That figure was down 6.9 percent from the same period in 2024. Read more from Reuters.
- Imports of bauxite, a key raw material for aluminum, jumped 29.4 percent year-on-year to 17.51 million tons in May, bringing the total from January to May to 85.18 million tons, up 33.1 percent year-on-year.