National Bureau of Statistics released yesterday show metallurgical production, the first two months of this year, China's crude steel output reached 74,254,200 tons, an increase of 23.10 percent year-on-year. Analysts said crude steel output continued growth in the domestic market will bring more pressure.
In February this year, the National crude steel production for 36,135,100 tons, although the ratio has declined in January, but in February than in January about 3 days, judging from the daily average output growth is still, whether or ring than the same period last year, in February in China Crude steel have maintained a rapid growth.
China's 2006 crude steel output grew by 18% to 419,000,000 tons, the China Steel Association estimated earlier this year, the crude steel output to grow 10% to 462,000,000 tons, according to the production in January, the figure will be revised to 13% increase to 475,000,000 tons. Lange Steel Information Network Xu Xiangchun, director of the "Business News" said: "The production of crude steel this year than last year, an increase of about 60,000,000 tons, the actual domestic consumption increased by 13% to 46,200,000 tons, taking into account the export tax rebate Policy adjustments optimistic estimates of China's net steel exports remained unchanged at 34,000,000 tons, then the domestic market will be more than 1,000 of the 10,000 tons of surplus. "He also pointed out that if the elimination of outdated production capacity to carry out the work, then The pressure on the domestic market will be smaller.