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China's crude steel output up 2.5% in Q1

Apr. 24, 2012 (China Knowledge) - China, the world's largest steel producer, saw its crude steel output rise 2.5% year on year to 174.22 million metric tons in the first three months of this year, according to the latest statistics released by the National Development and Reform Commission.
The growth rate was 6.2 percentage points lower than that in the same period of last year.
The commission said that the country's output of steel products rose 6.5% year on year to 222.46 million metric tons in the first three months, slowing from a 13.7% increase in the corresponding period of last year.

China exported 12.15 million metric tons of steel products in the period, up 15.8% year on year, and imported 3.41 million metric tons of steel products, down 18.4% year on year.

The country's coke output grew 6.5% year on year to 107.77 million metric tons in the quarter.

In the month of March, China's steel prices experienced slight rebound, with the domestic composite steel price index rising 1.25 points from February to 120.33. The prices of 20-mm steel sheets and 1-mm cold-rolled coils were RMB 4,427 per metric ton and RMB 5,197 per metric ton, up 3% and 0.2% month on month, respectively.

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