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Chinese rolled steel output to cross 1 billion tonne mark in 2013

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Chinese rolled steel output to cross 1 billion tonne mark in 2013
According to latest update from Chiba’s National Development and Reform Commission, China’s crude steel output rose 8.3% YoY to 652.48 million tons in the first 10 months of this year, faster than the 2.1% gain seen in the same period last year

The output of rolled steel rose 11.6% YoY to 888.32 million tonnes during the same period, 5.3 percentage points more than the growth over the same period last year

Considering, the average monthly rate of 65.248 million tonnes, the Chinese crude steel production in 2013 is likely to cross 780 million tonnes whereas rolled steel output would cross 1 billion tonnes - approximately 1065 million tonnes

From January to October, steel exports rose 13.6% YoY to 51.97 million tonnes, while imports edged up 0.6% YoY to 11.62 million tonnes

Source - Xinhua
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