Scrapex Banner
Author: 16 Apr 2012 Last updated at 07:33:49 GMT

China's Crude Steel production hits a record 61.58 Mmt in March: NBS

BEIJING (Scrap Monster): Chinese crude steel production increased by 10% month-on-month to a record 61.58 million metric tons (Mt) in March and up by 3.9% year-on-year, as per latest data released by the National Bureau of Statistics of China.

According to the data, record production in March this year, with mills responding to increasing prices as construction recovered from a winter lull, although analysts warned the jump in output would pressure the steel market as demand momentum slows.

The country's daily crude steel production was at 1.986 Mmt, hitting the highest since last June, NBS added.

China now produces about half of world’s total steel production and the output increases significantly to meet seasonal demand rise.

METAL PRICE CHARTS

GET PRICE CHARTS

Platinum Scrap Price Charts

18ct Gold Scrap Price Charts

22ct Gold Scrap Price Charts

RELATED NEWS

Tokyo steel further hikes H2 scrap buying prices

September 16th 2014 02:40 AM
Tokyo steel further hikes H2 scrap buying prices
The country's top producer of H-beams- Tokyo Steel has announced a further hike of ¥ 500/ton to ¥ 1,000/ton in…

Man Accused of Stealing, Selling Scrap Metal From Former Employer

September 12th 2014 02:18 PM
Man Accused of Stealing, Selling Scrap Metal From Former Employer
A Livingston County man was arrested for felony burglary after deputies said he stole scrap metal from his former employer…

Ukrainian scrap group acquires Latvia's leading rebar maker

September 12th 2014 06:38 AM
Ukrainian scrap group acquires Latvia's leading rebar maker
The Ukranian scrap company, KVV Group has acquired Liepajas metalurgs (LM)- the Latvian rebar manufacturer

US Scrap exports dropped slightly in July '14

September 11th 2014 09:54 AM
US Scrap exports dropped slightly in July '14
The scrap exports by the US during the month of July this year declined considerably
Next Story