Hebei Borun Steel Trade CO.,LTD

 

TO BE YOUR BEST PARTNER IN STEEL WORLD ! 

 

 

Sales & Support
Request A Quote - Email
Select Language
English
Spanish
Home
Products
About Us
Factory Tour
Quality Control
Contact Us
Request A Quote
Home News

China's steel output rises, prices pick up

Good quality OCTG Accessories for sales
Good quality OCTG Accessories for sales
I'm Online Chat Now
Company News
China's steel output rises, prices pick up

China's steel output continued to grow, with prices picking up as global recovery and a firming domestic economy combined to drive up demand, according to data from the National Development and Reform Commission (NDRC).

 

The steel price index came in at 116.62 in November, up 0.92 percentage point from the previous month, the NDRC said in an online report.

 

In the first 11 months of 2017, crude steel production went up 5.7 percent year on year to 764.8 million tonnes, according to the NDRC.

 

The rising output came against the backdrop of the government's persistent efforts to cut overcapacity in the bloated sector.

 

Last year, China accomplished its plans to slash steel production capacity by around 50 million tonnes.

A report from the China Metallurgical Industry Planning and Research Institute predicted China's crude steel output at 832 million tonnes last year.

 

This year, China's crude steel output is likely to edge up 0.7 percent to 838 million tonnes, according to the report.

Pub Time : 2018-01-08 15:43:02 >> News list
Contact Details
Hebei Borun Steel Trade CO.,LTD

Contact Person: Ms. Melody C.

Tel: 86-317-5501333

Fax: 86-317-5501333

Send your inquiry directly to us (0 / 3000)