China's daily crude steel output drops in December
Shanghai. January 21. INTERFAX-CHINA - China's daily crude steel output reached an average of 1.54 million tons in December 2009, down 2.53 percent from that recorded in November, according to figures released by the National Bureau of Statistics on Jan. 21.
China produced 567.84 million tons of crude steel in the whole of 2009.
In December, China's production of crude steel, steel products and pig iron stood at 47.66 million tons, 64.64 million tons and 44.72 million tons respectively, representing year-on-year increases of 26.6 percent, 31.4 percent and 24.6 percent.
"With more newly-built steel production capacity due to come online in 2010, China's crude steel output may grow to between 610 million tons and 620 million tons this year," analyst Hu Yanping from Umetal told Interfax.
-LCL