China steel output to hit new high in August
Friday, 11 September 2009
BEIJING, Sept 10 (AFP): China's crude steel output likely hit a record high in August, state media reported today, marking the fourth consecutive monthly increase in production by the world's biggest steel maker.
Steel output increased two per cent to around 51.65 million tonnes in August from a month earlier, the official Xinhua news agency said, citing an estimate from the China Iron and Steel Association (CISA).
The 71 biggest steel mills in the country produced 39.43 million tonnes last month, up two per cent from July, Xinhua added.
A spokesman for CISA would not comment on the figures, saying the National Bureau of Statistics normally releases the final data.
Chinese steel makers ramped up production after the central government last year unveiled a four-trillion-yuan (586-billion- dollar) package of stimulus measures on infrastructure and other construction projects.
Steel output increased two per cent to around 51.65 million tonnes in August from a month earlier, the official Xinhua news agency said, citing an estimate from the China Iron and Steel Association (CISA).
The 71 biggest steel mills in the country produced 39.43 million tonnes last month, up two per cent from July, Xinhua added.
A spokesman for CISA would not comment on the figures, saying the National Bureau of Statistics normally releases the final data.
Chinese steel makers ramped up production after the central government last year unveiled a four-trillion-yuan (586-billion- dollar) package of stimulus measures on infrastructure and other construction projects.