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Friday 28 November 2008

China crude steel output falls 17% year-on-year

LONDON (Metal-Pages) 24-Nov-08. China's crude steel production in October fell 17% year-ony-ear to 35.9 million tonnes, according to data from the National Bureau of Statistics of China.

Crude steel output for the first 10 months of the year totalled 427.29 million tonnes, which was up 3.9% from a year ago.

Steel products output for the month hit 42.93 million tonnes, down 12.4% compared with the same month in 2007. Steel production January-October totalled 487.91 million tonnes, which was 5.9% higher year-on-year.

In October 2008, China produced 67.85 million of iron ore, which was a 12.5% increase from the same month in 2007. The country's total iron ore output for January to October 2008 was 654.18 million tonnes, which was an increase of 18.8% year-on-year.

China produced 730,300 cars in October, edging down 0.7% from the same month in 2007, while it produced 8.22 million cars January-October, up 12.4% year-on-year.

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