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Domestic demand bolsters steel production in H1: CISA
Jul 29,2019 16:13CST
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Source:SMM
In crude steel equivalent, H1 saw an addition of some 44.34 million mt in steel output

SHANGHAI, Jul 29 (SMM) – Strong domestic demand grew China's production of pig iron by 7.9% from a year ago to 404 million mt in the first half of this year, with output of crude steel and steel products rising 9.9% and 11.4%, respectively, to 492 million mt and 587 million mt, China Iron and Steel Association (CISA) said on Monday July 29. 

In crude steel equivalent, the first half of this year saw an addition of some 44.34 million mt in steel output, mostly consumed domestically as net exports shrank 70,000 mt from a year ago. 

The steel price index issued by CISA averaged 109.48 for the first half of this year, down 3.6 from the same period in 2018. 

Imports of iron ore slipped 5.9% on the year to 500 million mt in January-June, with import value rising 15.7% to $43.2 billion. 

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