Friday, April 29, 2016

ISSB News - Chinese steel production in March 2016

The Iron & Steel Statistics Bureau today comment as follows on Chinese steel production levels in March 2016.

“The decline in Chinese domestic demand for steel has been well documented and there had been reports in the press of government plans to cut some of the older, more polluting capacity and to reduce annual production by around 150 million tonnes in five years. There has been very little evidence of any progress being made in this regard, however, as although Chinese production fell by 3% year on year in the first quarter, the traditionally strong month of March actually saw production increase by 1% to 70.7 million tonnes which, incredibly, represents the highest ever monthly production figure from the country”.

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Andrzej M Kotas

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