Xinhua, citing data from the China Iron and Steel Association, reported that China recorded a record daily crude steel production in August amid consolidating economic recovery.
Data from the China Iron and Steel Industry Association showed that daily crude steel production in August 2020 was 3.06 million tonnes, the highest daily level of 91.8 million tonnes per month. However, CISA said: “Despite high steel consumption during the peak months of September and October, rapid recovery in steel production and increased imports of rolled steel and other materials will put pressure on supply. In this scenario, an increase in steel prices is unlikely. ”
From January to August, steel production rose 3.7% year-on-year to 688.89 million tonnes, while pig iron and rolled metal production rose 3.4% and 4.8% year-on-year to 589.4 million tons and 844.69 million tons.
CISA Reports Highest Daily Steel Production in August
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Azovpromstal® 5 October 2020 г. 12:11 |
