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

18ct Gold Scrap Price Charts

Silver Scrap Price Charts

9ct Gold Scrap Price Charts

RELATED NEWS

Unlicensed scrap metal carrier fined in Wiltshire under new law

July 24th 2014 06:36 AM
Unlicensed scrap metal carrier fined in Wiltshire under new law
A scrap metal carrier has been convicted in Wiltshire for collecting scrap without possession of license under the newly imposed…

Central Maine Power Company reports surge in copper thefts from power substations

July 23rd 2014 08:24 AM
Central Maine Power Company reports surge in copper thefts from power substations
The officials at Central Maine Power (CMP) Company stated that there has been an unprecedented increase in the number of…

NUMSA strike likely to end soon, costing SA metal sector ZAR 300 million per day

July 23rd 2014 03:07 AM
NUMSA strike likely to end soon, costing SA metal sector ZAR 300 million per day
According to media reports, efforts are on to end the three-week long NUMSA strike which has already made enormous losses…

Posco P&S' scrap purchasing price drops

July 22nd 2014 02:49 AM
Posco P&S' scrap purchasing price drops
According to reports, South Korean Posco P&S has purchased scrap from Japan at lower rate
blog comments powered by Disqus
Next Story