1 Feb 2010 11:25

Crude stainless steel output hits 8.8 mln in 2009

Shanghai. February 1. INTERFAX-CHINA - China's crude stainless steel output reached 8.8 million tons in 2009, up 26.81 percent year-on-year, according to a report from the Stainless Steel Council of China Special Steel Enterprises Association (CSSC) on Jan. 29.

The country's apparent crude stainless steel consumption grew to 8.22 million tons last year, up 31.73 percent from 2008's total. The CSSC attributed the strong growth in crude stainless steel production and consumption to the stimulus policies that the Chinese government launched in early 2009.

China's imports of stainless steel products rose 7.03 percent year-on-year to 1.3 million tons while steel products exports fell 28.83 percent year-on-year to 752,000 tons, according to the CSSC.