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China 18g can produce more than 900 million tons of steel, rebuilding the record – Baowu

June 11, 2006 16:02

* Steel production in China will exceed 18 milligrams 900 million tons

* It is 831.7 million tons more than last year's record

* Chinese plants increase production, with higher profits

Shanghai, November 6 (Reuters) – Steel production in China may take place in 2018
In the year it exceeds 900 million tons, restoring the delivered
last year's record, said in an international exhibition in Shanghai
head of the largest manufacturer in the country, Chen

China, which produces and consumes about half
World steel production in 2017 smelt a record 831.7
million tons. In the nine months of 2018, production has increased
by 6.1 percent to 699.4 million tons.

Chinese companies increased production this year
to earn at the expense of rising prices, including restrictions
work in industrial plants to reduce emissions into the atmosphere.

At the same time, steel production will remain high until the end of the year,
analysts believe that since this year, Beijing has allowed the regions
independently determine the plants for suspension in winter.

The steel industry's average margin is close
1000 yuan ($ 144.48) per ton, calculated on Huatai Futures.

(US $ 1 = 6.9214 yuan)

Original in English is available by code.
(David Stanway and Man Man Editor Andrey Kuzmin)

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