China:  Baosteel expects lower production during first half of 2013

Baoshan Iron & Steel Co., Ltd (referred as Baosteel Co., Ltd.) is the largest integrated steel company in China, has declared that in the second half of the current year steel production is expected to decrease due to renovate work on its blast furnace No. 3 as well as hot and cold continuous rolling lines.

According to the company's data, the total production of Pig Iron is 11 MT and crude steel production totaled 11.41MT in first half of the year 2013.

Even though buying is estimated to improve slightly in the second half of the current year, supply will continue to balance demand and put pressure on prices.