Home > Company News > China August steel output hits record despite inspections
Company News
China produced a record amount of steel in August, data showed on Thursday, as mills in the world’s top producer boosted production to take advantage of rising prices despite rigorous environmental inspections across the country.
Mills in the world’s largest steelmaker churned out 74.59 million tonnes of the construction material in August, up 8.7 percent on a year earlier and just beating July’s previous monthly record of 74.02 million tonnes.
In the first eight months of the year, steel output totalled 566.41 million tonnes, up 5.6 percent from the same period in 2016, the National Statistics Bureau (NBS) data showed, .
Chinese steel mills have been running at full tilt, with some even postponing proposed maintaince schedules to ramp up output in an effort to cash in on strong margins.
The most-active steel rebar futures rose 8.5 percent last month, and had biggest one-day hike in seven months in early August.
Higher prices have also been fuelled by concerns of capacity curbs during the coming winter after the Ministry of Environmental Protection (MEP) pledged to reduce hazardous pollutants in the country’s north, including key producing province Hebei, by halving steel output by up to 50 percent.
Some inspection teams have already been sent to 8 provinces in August, according to the MEP.
China’s stockpiles of rebar, a construction steel product, rose to 3.88 million tonnes by the end of August.
From http://shuixinsteel.com/china-august-steel-output-record-despite/
- Steel structure
- Light steel structure
- Steel structure
- Best quality, price and servic hot dip galvanized flooring steel grating
- Best quality, price and servic galvanized steel grating
- Steel-grating
- color corrugated metal steel sheet corrugated steel sheet calamina galvanized toles pour toitures
- color corrugated metal steel sheet corrugated steel sheet calamina galvanized toles pour toitures
- ppgi corrugated steel roofing sheet corrugated ppgi roofing sheet galvanized ppgi roof sheets
- color corrugated metal steel sheet galvanized corrugated roofing sheet roof tiles
- corrugated sheet for roof 4x8 corrugated sheet metal price galvanized corrugated steel iron roofing sheets
- Galvanized Metal Steel Grating /Aluminum Grating / Stainless Steel Grating Walkway Platform Stair Treads Trench cover
- Metal Building Materials Galvanized Steel Twisted Bar Grating Car Wash Steel Grating Construction Materials
- Wholesale 1*2m Galvanized Perforated Metal Mesh/Punching Net
- NFJ Inorganic Medium to High-Temperature Secondary Binder
- NFJ Rust-Proof Foam Reinforced Metal Cotton
- Zinc Roofing Sheet no Spangle /Corrugated Steel Sheet for Sierra Leone Market
- Factory Outlet Hot Dipped Galvanized Iron GI Corrugated Steel Roofing Sheet Thickness Iron Sheet
- 1 1 4 Yellow Iron metal Screw Wire Coil roofing Nail for Wooden Pallet
- 2 1/4 x 9mm coil nail galvanized coil nails pallet coil nail
- High Quality Factory Collated Screw Coil Nails for pallet Pneumatic Nail Coil Roofing Nails
- Made In China Factory Price Iron Wire Nail Steel 2 Inch Common Nail Flat Head Common Coil Nails
- Factory price high quality coil roofing nail screw shank wire coil nails ring shank coil nail
- Quick Install Office Building