• China's crude steel output totaled 2.15 million tons per day in the last 10 days of September, or an annualized 784.75 million tons, which was up 0.4% from the previous 10-day period, according to China Iron & Steel Association. The increase was driven by large and midsized mills whose total daily output was up 0.5% to 1.79 million tons during the period. Inventory at major steel mills stacked up to 12.61 million tons at the end of September, down 4.6% from a month earlier.
  • China's iron ore imports rose 9% year on year to 600.49 million tons in the first 9 months, according to customs figures.
  • Iron ore prices will keep falling in China as steel production is to remain weak and supply of raw materials outstrips demand, the China Iron & Steel Association said. Poor economic benefits and seasonal factors are expected to trim steel production and hence lower demand for and prices of iron ore.

You are currently reading words of total words in this article.
To continue reading this article, you must be a subscriber. Log in now..

Finish this article for free.
C-M-O-D-O AUTHENTIC SITE PayPal
@2014 China Economy @ China Perspective.
All Right Reserved.
Server SSL Certificate