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China's steel output in Jan-Nov crosses 1 billion tonne mark

Steel News - Published on Mon, 31 Dec 2018

Image Source: SteelGuru
Xinhua reported that China's steel production climbed 8.3 percent year on year to 1.01 billion tonnes in the first 11 months of the year. National Development and Reform Commission (NDRC) said that the pace of growth accelerated from a rise of 7.8 percent registered in the January-October period this year and 1.1 percent registered during the same period of 2017. The pick-up came despite continued slackness in investment of infrastructure and property development, both major consumers of steel.

In November alone, the country's steel output rose 11.3 percent from one year earlier, reversing a decline of 2.9 percent recorded in November 2017

The country's property development investment went up 9.7 percent in the first 11 months, with the pace of increase sliding for four consecutive months.

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Posted By : Sanju Moirangthem on Mon, 31 Dec 2018
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