By Alex Tsai , 2015-01-26 09:44:07
According to the National Bureau of Statistics (NBS), China’s crude steel output reached 823 million tons in 2014, slightly up by 0.9% from 2013, which is in line with market participants’ expectations.
Meanwhile, China’s pig iron production rose by 0.5% to 712 million tons last year, and finished steel production increased by 4.5% to 1.13 billion tons compared to the previous year.
In December alone, the crude steel production of the major steelmakers totaled 68.09 million tons, increasing by 1.5% compared from the same time a year earlier. The country’s daily crude steel production output reached 2.1965 million tons, registering an increase of 4.1% from the previous month.
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