Tuesday, December 21,
China’s daily crude steel output inched higher in early December as a large number of steel mills in north China’s Hebei province gradually resumed operations after being ordered to shut down to meet energy savings goals.
China’s daily crude steel output rose to 1.667 million tonnes in the first 10 days of December, up almost 2 percent from the last 10 days of November, data from the China Iron & Steel Association (CISA) showed on Monday.
Mills, mainly in the country’s steel production heartland, have started to resume operations after widespread efforts to reduce energy consumption in recent months. Rising steel prices since November have also motivated mills to speed up production.
“There are still a few steel mills being affected by electricity supply curbs, and I expect steel production will still remain at relatively low levels in December – might not exceed 1.7 million tonnes per day,” said Hu Yanping.
Luo Tiejun, an official with the Ministry of Industry and Information Technology told a conference on the weekend that China’s crude steel output was expected to reach 630 million tonnes this year. That indicates that daily crude steel output would reach around 1.77 million tonnes in December.
Source: Reuters
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