Output of crude steel at record high in Apr as steel mills step up production-Shanghai Metals Market

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Output of crude steel at record high in Apr as steel mills step up production

Data Analysis 12:15:05PM May 17, 2018 Source:SMM

SHANGHAI, May 17 (SMM) – China’s output of crude steel in April notched an all-time high of 76.7 million mt in April, up 3.7% month on month and up 4.8% year on year, according to data from the National Bureau of Statistics (NBS).

Output of crude steel stood at 288.97 million mt for the first four months of this year, while the average daily output came in at 2.56 million mt in April, up 7.13% from March.

Driven by high profits, steel mills were keen to raise production. As authorities stepped up efforts to crack down on ditiao steel, large and medium-sized steel mills raised production to meet demand. SMM believes that these developments bolstered overall output of crude steel.

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

Key Words:  crude steel 

Output of crude steel at record high in Apr as steel mills step up production

Data Analysis 12:15:05PM May 17, 2018 Source:SMM

SHANGHAI, May 17 (SMM) – China’s output of crude steel in April notched an all-time high of 76.7 million mt in April, up 3.7% month on month and up 4.8% year on year, according to data from the National Bureau of Statistics (NBS).

Output of crude steel stood at 288.97 million mt for the first four months of this year, while the average daily output came in at 2.56 million mt in April, up 7.13% from March.

Driven by high profits, steel mills were keen to raise production. As authorities stepped up efforts to crack down on ditiao steel, large and medium-sized steel mills raised production to meet demand. SMM believes that these developments bolstered overall output of crude steel.

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

Key Words:  crude steel