China increased steel production by 8,7%

The volume of steel production in China in the I quarter of 2011 compared with the same period of 2010 increased by 8.69% to 169.91 million tonnes. This is illustrated by China Iron and Steel Association. In addition to the organizations believe that in the period 2011-2015 the demand for steel in the country will grow by 2,6-4,6% per year. Recall that the production of crude steel in the Chinese enterprises in March 2011 compared with March 2010 increased by 9% and amounted to 59.42 million tons. Issue of steel products in China in a given period increased by 14%, reaching 76.02 million tons. We also note that China in March 2011 compared with March 2010 increased the export of finished steel products by 47.45% to 4.91 million tons. Compared with the previous month supply of Chinese foreign metal rose by 2.43 million tons. Previously reported that the State Commission of Development and Reform Commission of China has increased the estimate of national steel production in the country in 2011. Experts predict that metal production in China this year will be 700 million tons. The decision to raise the forecast output of steel in the country was taken after the melt of average in January-March this year amounted to 1,930,000 tons. Ministry of Industry