Home / Metal News / Copper / China to drive global Crude Steel output to a new record high in 2014
China to drive global Crude Steel output to a new record high in 2014
Jul 25,2014 13:05CST
industry news
Source:SMM
MEPS International expected Chinese production likely to drive global crude steel output to a new record high this year.

UNITED STATES July 25 2014 8:27 AM

SHANGHAI (Scrap Register): MEPS International expected Chinese production likely to drive global crude steel output to a new record high this year.

According to MEPS, global crude steel output is forecast at 1655 million tons this year. This equates to a rise of 2.7 percent over the previous all-time high figure in 2013. China will continue to be the main driver for expansion, despite a deceleration in growth.

Most regions saw their production fall last year. In 2014, noticeable gains are predicted in the EU and South Korea. Only marginally increases are envisaged in Other Europe, CIS and the Americas.

Output rises in India are projected to be below the country's vast potential. Solid expansion will continue in the Middle East, although the region's share of global growth is expected to be just 3.4 percent, MEPS added.

MEPS

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news