Output of crude steel, iron drops in H1
Print Edition
CHINA’S crude steel output in the first six months fell 1.3 percent year on year to 409.97 million tons, its first decline in almost 20 years, the top economic planner said yesterday.
Production of crude iron in the period dropped 2.3 percent to 356.94 million tons, the National Development and Reform Commission said.
According to Zhang Guangning, president of the China Iron and Steel Association, “China’s crude steel output probably reached a peak in 2014,” when the country’s per capita production surpassed 600 kilograms.
Zhang encouraged the nation’s iron and steel producers to “accelerate industrial transformation and upgrading, while promoting innovation as the economy adjusts to a new normal, which focuses on slower but more balanced and sustainable growth.”
The combined deficit of 43 steel companies from their primary businesses almost doubled in the first half of the year to 18.55 billion yuan (US$2.9 billion), the NDRC said.
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