J P M O R G A N Europe Equity Research 17 August 2026 China Steel - Channel checker 10-day China steel output +6% vs previous, flat YoY; FOB iron ore price lower as freight rate picks up 10-day China steel output 975Mt annualised, +6% vs previous: The latest China daily crude steel output (10 days to 10 Aug) is tracking at a run rate of 975Mt annualised. This is a recovery from a weak print from the previous 10 days (to 30 Jul) but flat YoY. Trailing 30-day steel production is -3% vs the previous 30-day per ...