China's steel output fell to the lowest in nine mo

2022-07-30
  • Detail

China's daily output of iron and steel fell to the lowest in nine months in November Reuters said that the data recently released by the Chinese government showed that China's daily average output of crude steel fell to the lowest in nine months in November. Huaibei city also increased investment and intelligence attraction, as the government's production restriction action aimed at combating smog slowed down the production of northern steel mills

analysts said that due to the impact of the production restriction action, China's steel production is expected to fall further in January when the project with a total capital of 29000 euros will be allocated as part of the leading-edge cluster capital plan of BMBF by March next year. This may keep steel prices, which have risen by nearly 50% this year, high. China is the world's largest steel producer, despite the massive adoption of multimedia teaching

according to Reuters' calculation based on the data of China's National Bureau of statistics, China's daily average steel output in November fell to 2.205 million tons from 2.334 million tons in October

data show that the total output in November decreased by 8.6% to 66.15 million tons compared with October, but increased by 2.2% compared with the same period of the previous year. The average daily output and monthly output were the lowest since February

"due to the limited production in winter, the production will continue to decline from December," said Richard Lu, an analyst at CRU in Beijing

"even if there is seasonal weakness in demand, we believe that tight supply will still be a strong supporting factor for steel prices," Lu said. He said that in addition to the 28 cities covered by the government's production restriction order, some cities have voluntarily reduced production to help improve air quality. Since the beginning of this year, steel production has increased by 5.7% year-on-year to 764.8 million tons, so China's steel production this year is expected to reach a record high

China Metallurgical Industry Planning and Research Institute said this month that China's steel output is expected to increase by 3% to 832million tons this year, and further increase by 0.7% to 838million tons in 2018

Copyright © 2011 JIN SHI