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19 Jan
08:04

Chinese steel production drops 2.3% in 2015

China produced 803.83 million tonnes of crude steel in 2015, down -2.3% from a year earlier, according to the National Bureau of Statistics (NBS). The figure leaves apparent demand down -5.44% from a year earlier at 664mt, Kallanish calculates. Crude steel production in December was down -5.2% year-on-year to 64.37mt, while apparent consumption was down -6.98% to 51.67mt. It should be remembered however that December saw a sharp fall in steel inventories which m…
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