According to statistics released by the National Development and Reform Commission (NDRC), China's steel output growth slowed and the steel product prices kept falling in this July.
Though the country's crude steel output rose by 4.2% year on year in this July, the growth rate was 11.3 percentage points lower than that in the same period of a year earlier.
Meanwhile, the composite price index of the Chinese domestic steel products was at 112.03, falling by 3.84 points from a month earlier and decreasing by 22.07 points from July, 2011.
In the first seven month of this year, China's crude steel output amounted to 419.46 million tons and the growth rate fell by 8.2 percentage points in comparison of that in the same period of the previous year.