China daily steel output hits record 1.945 mln T in mid-March

Tue Mar 29, 2011 5:52am GMT

BEIJING, March 29 (Reuters) - Daily output of crude steel in March 11-20 reached a record 1.945 million tonnes, figures from the China Iron and Steel Association showed on Tuesday.

Despite uncertain demand, daily output stood at an average of 1.92 million tonnes in the first 20 days of the month, up from 1.823 million tonnes in February.

The figure would total more than 700 million tonnes when calculated on an annual basis.

Chinese daily crude steel output rallies by 6pct in the first 20 days of Feb - CISA

Wednesday,02 Mar 2011

1. China daily production of crude steel rallied about 6% in the first twenty days of February versus January.

2. The inventory of major steel mills increased to 9.46 million tonnes from 7.57 million tonnes posted in January end.

China Iron and Steel Association release in its latest ten day report that both crude steel output and steel inventory in the first and middle ten days of February eyed apparent rises.

Analyst said that the production rally is expectable and mainly due to the bettering industrial profitability.

The report shows that China daily crude steel output averaged about 1.81 million tonnes in the middle ten days of February far higher than January record of 1.7 million tonnes and about 1.8 million tonnes for the first twenty days of February also eyeing a big growth of close to 6% from January.

What worth attention is that the steel products inventory of major steel mills goes up to 9.46 million tonnes a sharp jump from 7.57 million tonnes in January ends. In the middle ten days of February the crude steel output by CISA members posted at 15.95 million tonnes and that for the whole Chinese steel industry is assessed at 18.14 million tonnes.

Mr Deng Qiling President of CISA earlier said that in light of the domestic and overseas demand, China apparent consumption of crude steel in 2011 is expected to grow by 5% to 632 million tonnes which means an increase of 30 million tonnes from last year.

Tags: Chinese domestic steel demand, February month output, CISA members
(sourced:mysteel)

Mergers to continue in Chinese steel industry in 12th Five year Plan

Tuesday, 01 Mar 2011

China Securities Journal reported that Chinese steel market eyed rapid development since entering 21st century with the growth of crude steel output averaging by 21.1%YoY. The trend for the rather mystifying debacle after the Spring Festival has taken everybody by surprise.

In 2010, China has totally yielded out 630 million tonnes of crude steel. In recent years, Hebei Steel Group regrouped by Tangshan Steel and Handan Steel, realized rapid and steady developments forming a new management mode for further developments.

In the past two years, Hebei Steel Group accumulatively eliminated 5.2 million tonnes of backward steel making capacities and it also gradually regrouped 12 private owned steel mills.

Tags ; Chinese steel mills, Chinese steelmaking, mergers and acquisitions,

Global crude steel output in January totals 119 million tonnes

Tuesday, 22 Feb 2011

World crude steel production for the 64 countries reporting to the World Steel Association was 119 million tonnes in January 2011, up by 5.3% YoY.

China's crude steel production for January 2011 was 52.8 million tonnes, up by 0.5% YoY. Japan produced 9.7 million tonnes of crude steel in January 2011, up by 10.7% YoY. South Korea showed an increase of 24.2% YoY, producing 5.6 million tonnes crude steel in January 2011.

In the EU, Germany's crude steel production for January 2011 was 3.7 million tonnes, up by 4.4% YoY. Italy's crude steel production was 2.1 million tonnes, up by 10.3% YoY. Spain produced 1.4 million tonnes of crude steel in January 2011, up by 4.1% YoY.

Turkey produced 2.7 million tonnes of crude steel in January 2011, up by 33.4% YoY.

The US produced 6.8 million tonnes of crude steel in January 2011, up by 9.4% YoY.

Brazilian crude steel production in January 2011 was 2.8 million tonnes, up by 3.8% YoY.

The world crude steel capacity utilization ratio of the 64 countries in January 2011 was 75.6%, an increase from 73.3% in December 2010. Compared to January 2010, the utilization ratio in January 2011 is 0.4 percentage point lower.

(Sourced from www.worldsteel.org)

Tags:Japan's crude steel production, EU, Germany, Spain steel, Brazilian, YoY, crude steel production in January 2011,