Almost half of steel in China produced private metallurgical companies

Thirty-eight steel-smelter converter units with a total capacity of more than 45 million tons of steel per year were commissioned in the territory of China in 2012. Moreover, the construction of thirty -two of them was completed last year. This was reported by the Metallurgical Association of China.

In the Metallurgical Industry of Celestial Empire, large state -owned companies dominate. However, private corporations launched seventeen new metallurgical plants last year and today, about 42% of steel and metal production in China are carried out by non -state sector.

Investments in Metallurgical production continue to act, despite the sharp drop in profitability in the industry and amid the incessant statements that the Chinese steel industry is located outside the market, and economic growth is imitated by the communist government of the country.

The introduction of new capacities in China made it possible to melt 2 million tons of metal per day, and today this country accounts for half of the world production of steel.

Chinese metallurgy is the leader of the world consumption of iron ore raw materials, more than 60% of the total iron ore exports are sent to this country. The revival of the domestic demand for metal rolling in December 2012 - January 2013 spurred world prices for iron ore up to 160 dollars per ton. Despite some fall, on the eve of the Chinese New Year, on January 28, the price of the sale of iron ore raw materials in the Tianjin is at the level of $ 148.80 per ton, which is 70% more expensive than in September 2012.

According to the National Bureau of China Statistics, the stocks of iron ore in the Portes of the Middle Kingdom today amount to 70 million 100 thousand tons, which is 550 thousand tons below the level of the previous week.

In the structure of export of iron ore raw materials from India, the world leader the production of medical clothing , decreased by 290 thousand tons, Brazilian iron ore became less by 380 thousand tons. Meanwhile, deliveries from Australia increased by 90 thousand tons.