LF-BJMB
China

China's 2018 steel output seen rising even after mill closures

China's 2018 steel output seen rising even after mill closures-1
China's 2018 steel output seen rising even after mill closures-2
China's crude steel output is expected to rise 3 percent to 832 million tonnes this year, and by a further 0.7 percent in 2018, as major mills ramp up operations, offsetting the impact of the shutdown of outdated plants, a government body said on Monday.

Output in 2018 will be 838 million tonnes, said the China Metallurgical Industry Planning and Research Institute (MPI) in a report.
"The growth comes after Beijing's crackdown on illegal low-grade steel products, which were never included in the official statistics," it said.

"The supplies are now filled in by legal steel mills."

A strong rebound in China's industrial activity this year, led by steel and other metal producers, has helped produce forecast-beating economic growth of nearly 7 percent.

The world's largest steel maker produced 808 million tonnes of crude steel in 2016 and eliminated around 120 million tonnes of low-tech steel product capacity in the first half of this year.

Iron ore demand in the world's top buyer is expected to rise 1.3 percent to 1.122 billion tonnes this year from 2016 and dip 0.2 percent to 1.12 billion tonnes in 2018, according to the MPI report.

The MPI expects that China will export a net 63 million tonnes of steel products in 2017 and 2018, up 3 percent and 0.7 percent respectively.
Related News
  • Long-span buildings

    Long-span buildings

    August 25, 2018Long-span buildings create unobstructed, column-free spaces greater than 30 metres (100 feet) for a variety of functions. These include activities where visibility is important for large audiences (au...view
  • GYPSUM STORAGE

    GYPSUM STORAGE

    February 9, 2018A soft white or gray mineral consisting of hydrated calcium sulfate. It occurs chiefly in sedimentary deposits and is used to make plaster of Paris and fertilizers, and in the building industry. Gypsu...view
  • Building a Hangar

    Building a Hangar

    November 20, 2017We like the availability and quality of pre-engineered aircraft hanger onstruction. As we got into our hangar research we were amazed at the number of companies that sell pre-engineered hangars, many...view
  • A Long Span Structure Building

    A Long Span Structure Building

    November 20, 2017The definition "long span" is more or less what you expect it to be – a building or other structure that spans a long area. By general consensus, long span structures are at least 30 meters.The advan...view
  • Attentions in the Construction of Large Diameter Coal Storage Bin

    Attentions in the Construction of Large Diameter Coal Storage Bin

    October 8, 2018The building type request to reduce the self-weight of the platform and the load of construction as low as possibleview
  • Advantage on LF-BJMB Space Frame Structure over Conventional /General Pre-Engineering Steel Roof

    Advantage on LF-BJMB Space Frame Structure over Conventional /General Pre-Engineering Steel Roof

    October 26, 2018LF-BJMB SPACE FRAME can be dismantled and re installed at any desired site if requiredArchitectural wise, LF-BJMB SPACE FRAME gives elegant, beautiful and eye catching look and on the other hand, Stru...view
  • TEL:+86 516 8595 0258
  • FAX:+86 516 8595 0278
  • Email:marketing01@cnxzlf.com
  • ADDRESS:222, Block B, Diamond International, Guozhuang Road, Xuzhou, Jiangsu, China

[QUERYS RESOURCE ID #57]

Total quantity:1022, Total process time:0.29099512 ms

[FILES LOADED]

Total quantity:22

Use Memory: 12.2MB

Time-consuming: 0.51812 ms