By Paul Ploumis 02 Sep 2015 Last updated at 03:42:20 GMT
BEIJING (Scrap Monster): The
recent statistics released by the country’s National Development and Reforms
Commission (NDRC) indicates that the output of ten non-ferrous metals gained by
9.4% over the previous year during the initial seven-month period in 2015. The
output during Jan-Jul ’15 totaled 29.49 million tons.
The Chinese aluminum electrolytic output surged higher by 12% to 18.33 million tons during the seven-month period. The copper output by the country was up 9.1% to 4.41 million tons during this period. The zinc output during the seven-month period increased by 10.4% to 3.58 million tons. The alumina oxide output has expanded by 12% to total 32.88 million tons during January to July this year. Meantime, lead output dropped 3.9% over the previous year to 2.27 million tons.
Meantime, data released by the China Iron and Steel Association (CISA) indicates that the country’s crude steel production dropped slightly by 1.8% during the first seven months of the current year. The crude steel production during this period totaled 476.04 million tons. The country’s steel products output posted marginal gain of 1.5% over the previous year. On the other hand, iron alloy output dropped 2.5% to 20.74 million tons.
The CISA data also suggests that the country exported 62.13 million tons of steel products during Jan-July ’15, significantly higher by 26.6% when compared with the corresponding period last year. The country’s steel products export had totaled 49.08 million tons during January to July last year. On the other hand, steel products import by the country declined sharply by 9.1% year-on-year to 7.7 million tons.