China’s steel output jumped to a record monthly high of 72 million tons last month, easily beating the previous high of 70.65 set in March of last year, reports Reuters. First quarter output was up 4.6% from the same period last year.
Recent drops in prices and rising inventory levels indicate that output is outgrowing demand, and recent measures to cool down the property market have added uncertainty to the demand outlook.
D’oh!
"Rein in" not "reign in"
I know I’ve made this mistake myself
Rein In
Reins are the straps you use to control a horse, and the word rein comes to English from a Latin word that means "to hold back." Remember that rein in is the correct spelling by thinking of the troublesome person you need to rein in as a troublesome horse that you need to get under control.