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China''s December crude steel output rose from the previous month, government data showed, as steel mills resumed production after enforced cuts in northern regions.
Steel output in the world''s largest producer jumped 7.6% to 68.09 million tonnes, the highest since August, and climbed 1.5% from a year ago, data from the National Bureau of Statistics (NBS) showed.
NBS said in a statement that crude steel production reached a record 822.7 million tonnes over the year, up 0.9% from 779 million tonnes in 2013, despite weaker demand growth, hurt by a slowing economy.
The world''s second largest economy grew 7.4% in the whole of 2014, undershooting the government''s 7.5% target and marking the weakest expansion in 24 years, further clouding the picture for global demand. The cooling economy and steel overcapacity should continue to pressure steel production growth this year, analysts say.
"We still expected a marginal growth in steel production this year as Beijing has sped up approvals of infrastructure construction projects," said Sara Wang, an analyst with Masterlink Securities in Shanghai. The NBS originally reported 779 million tonnes of production in 2013, but this year''s annual growth figures implies they have revised last year''s data by nearly 5% to 815.4 million tonnes.
壓鑄展-鑄造展-2015第十六屆廣州國際壓鑄、鑄造及工業爐展覽會-中國最受關注的壓鑄鑄造展會-巨浪展覽-The 16th
Guangzhou Die-casting, Foundry & Industry Furnace Exhibition
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