China says July steel output drops 1.4 pct on month
Source: www.chinamining.org Citation: Reuters Date: August 13, 2014
China produced 68.32 million tonnes of crude steel in July, down 1.4 percent from the month before as mills began cutting output during the off-season.
The daily production rate amounted to 2.20 million tonnes, down 4.6 percent from a record daily rate of 2.31 million tonnes in June, data from China`s National Bureau of Statistics showed on Wednesday.
Large-scale mills slashed average daily production by 2.8 percent to 1.757 million tonnes in the last 11 days of July, its lowest rate since mid April, data from the China Iron and Steel Association (CISA) showed last week.
The monthly production figure remains 1.5 percent higher than the same period last year, even though numbers provided by CISA have shown only a negligible increase in apparent domestic steel consumption during the first-half of the year.
Much of China`s additional steel output has been sold overseas, with steel product exports in July rising 14 percent on the month to 8.06 million tonnes.
Total imports over the first seven months of the year have surged 37 percent to 49.07 million tonnes. Over the same period, China produced 480.76 million tonnes of crude steel, up 2.7 percent on the year.
China produced 94.76 million tonnes of steel products in July, up 3.7 percent compared to the same period in 2013, but down 3.4 percent on the month. Production from January to July reached 647.23 million tonnes, up 5.8 percent compared to the same time last year.
About CHINA MINING
Since first held in 1999, the scope and influence of CHINA MINING has grown rapidly year by year. As a global mining summit forum and exhibition, CHINA MINING Congress and Expo has become one of the world’s top mining events, and one of the world’s largest mining exploration, development and trading platforms, covering all aspects of the whole mining industry chain, including geological survey, exploration and development, mining rights trading, mining investment and financing, smelting and processing, mining techniques and equipment, mining services, etc. playing an active promotion role in creating exchange opportunities and enhancing mutual cooperation between domestic and foreign mining enterprises.
CHINA MINING Congress and Expo 2014 will be held at Meijiang Convention and Exhibition Center in Tianjin on November 20th-23rd, 2014. We invite you to join the event and to celebrate the 16th anniversary of CHINA MINING with us. For more information about CHINA MINING 2014, please visit: www.chinaminingtj.org.
