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Chinese crude steel production in April surges as winter curbs ease- The 19th China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
5/16/2018 管材展-钢管展-steel tube expo-tube &pipe expo |
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Reuters, citing data from the National Bureau of Statistics (NBS), reported that China’s daily crude steel output in April rose to its highest in at least 4 years as mills boosted production to take advantage of high margins after the end of winter output curbs. NBS data showed “Overall steel output in the world’s top producer climbed to 76.7 million tonnes in April, up 3.7% from March and up 4.8% from April a year ago. Daily average output reached 2.56 million tonnes in April, the strongest since at least May 2014. Output over the first four months of the year was 288.97 million tonnes, up 5% YoY.”
The rise came after cities in northern China lifted stringent capacity restrictions imposed during the five-month winter heating season as part of Beijing’s efforts to clear up its notorious foul air. The official heating season ended on March 15, although major steelmaking hub Handan extended a 50-percent output capacity curb until the end of March.
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