【China＇09 steel output to 530 mln T -gov researcher】
Date:2009-9-20 11:15:44
Published: 16 Sep 2009 22:00:55 PST
SHANGHAI, Sept 17 - China is expected to produce 530 million tonnes of crude steel in 2009, up 6 percent from last year, an investigator with the country＇s Ministry of Industry and Information Technology said on Thursday.
Zhang Dechen said the expected production rise, a result of China＇s economic recovery and the country＇s massive fixed-asset investment, was his conservative forecast.
"Overall, domestic conditions are good. Effective national economic policies helped increase steel demand and stablise the steel market," Zhang told an industry conference in Shanghai.
Zhang＇s forecast was the latest expectation for crude steel output in the world＇s biggest steel-making country for 2009, although industry analysts have projected higher figures on record production in the previous several months.
Li Yizhong, minister of industry and information technology, said early this month that the country was expected to produce 500 million tonnes of crude steel in 2009.
Both of the forecasts represent an acknowledgement that the ministry＇s earlier target of keeping production at 460 million tonnes this year was no longer realistic.
Crude steel output reached a record 52.33 million tonnes in August, bringing production for the first eight months to 369.65 million tonnes, according to figures released by the National Bureau of Statistics on Friday. [ID:nSHA34036]
The January-August figure was annualised to full-year production of nearly 555 million tonnes, accoording to Reuters calculations, about 11 percent higher than last year＇s output.
Prv:Congratula...
Next:【Stainless...
