China’s 2012 crude steel output up 3%

China, the world’s largest steelmaker, produced 716.54 million tonnes of crude steel in 2012, a 3.1% increase on the year.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

This figure is lower compared to 2011’s year-on-year growth of 8.9%, due to the moderating of China’s economy, according to data released by the National Bureau of Statistics (NBS).

China’s GDP growth for 2012 was 7.8%, which was the slowest rate in the past 13 years.

Output in December 2012 totalled 57.66 million tonnes, or an average of 1.86 million tpd, down 2.9% from November, NBS said.

Previous estimates from China Iron & Steel Assn put the country’s crude steel output at 697.48 million tonnes for 2012.

What to read next
The publication of the following assessment was delayed: MB-AL-0052 Aluminum 6063 extrusion billet premium, delivered Midwest US, US cents/lb This price is a part of the Fastmarkets base metals package. For more information or to provide feedback on the delayed publication of this price or if you would like to provide price information by becoming a […]
The US green steel market faced minimal activity in the assessment period to Wednesday April 16, with sources reporting an unwillingness among buyers to pay a premium for low carbon steel.
Fastmarkets proposes to change the name and base specifications of its index for iron ore 62% Fe fines cfr Qingdao to more closely align with the specifications of prevailing mid-grade fines in the CFR China market. Following an initial consultation with the market, and a review of the typical data sets that have been collected […]
How much Canadian aluminium is being diverted from the US to Europe, when will it arrive and what impact will it have on premiums? The market appears to be split, but that could all change at the end of June, sources told Fastmarkets in the week to Thursday April 17.
Manganese ore inventories at the main Chinese ports of Tianjin and Qinzhou were originally published at 357 million-370 million tonnes. This has been corrected to 3.57 million-3.70 million tonnes. Chrome ore inventories at the main ports of Tianjin, Qinzhou, Lianyungang and Shanghai were originally published at 2.95 million tonnes. This has been corrected to 2.69 […]
Full details of the prices covered by this consultation can be found here. No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage. This consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization […]