Author: 23 Mar 2012 Last updated at 08:27:34 GMT

China crude steel production increases 2.2% Y-o-Y in Jan-Feb: NDRC

BEIJING (Scrap Monster): China crude steel production advanced by 2.2% year-on-year to 112.62 million metric tons in the first two months of this year, according to the latest statistics released by the National Development and Reform Commission (NDRC). China is the world’s largest steel producer.

According to NDRC data, the growth rate was 10.4 percentage points lower than that in the same period of last year.

The Commission said that the country's output of steel products rose 4.6%YoY to 139.29 million tonnes in the first two months, slowing from a 14.5% increase in the corresponding period of last year.

China exported 7.12 million tonnes of steel products in the two month, up 27.4% year-on-year and imported 2.14 million tons of steel products down by 19.4% year-on-year.

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Scrap Item Price Unit
6063 Extrusions 0.78 $US / Lb
Zorba 90% NF 0.63 $US / Lb
6061 Extrusions 0.71 $US / Lb
Old Sheet 0.55 $US / Lb
Al/Cu Radiators 1.31 $US / Lb
Old Cast 0.55 $US / Lb
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