International Steel Mills
Chinese Steelmakers Produce Nearly a Billion Tons in 2019
Written by Tim Triplett
January 17, 2020
Chinese mills cranked out a record 996.3 million tons of steel last year—just short of a billion tons—an 8.3 percent increase from 2018, according to Chinese government data.
Higher steel consumption reportedly was driven by increased property construction and government spending on infrastructure.
Crude steel production in December totaled 84.3 million tons, an 11.6 percent year-on-year increase.
Chinese steel shipments in 2019 totaled 1.2 billion tons, an 11.3 percent increase from the prior year.
Chinese pig iron production last year totaled 809.4 million tons, a 6.0 percent increase, based on the Chinese state report.
Steel demand in China grew in 2019 despite slowing domestic growth and the trade war with the United States.
Tim Triplett
Read more from Tim TriplettLatest in International Steel Mills
Nippon respects HR dumping decision, expects lower rate in next review
Nippon Steel says it respects the US Department of Commerce’s findings in administrative reviews despite the agency recently assigning the Japanese steelmaker a higher dumping margin.
Nippon still sees USS deal closing by end of ’24: Report
Japan’s Nippon Steel still anticipates closing on its proposed deal to acquire U.S. Steel by the end of 2024.
BlueScope lowers profit predictions due to global steel slowdown
Australia’s BlueScope Steel has lowered its earnings guidance due to challenging conditions in the global steel industry.
Trump reiterates opposition to USS sale to foreign firm
Former President Donald Trump repeated his disapproval of U.S. Steel’s sale to a foreign owner in a campaign speech on Sunday.
Lindqvist gives up board position as he departs SSAB
After stepping down as president and CEO of SSAB, Martin Lindqvist announced he'll also be leaving his position on SSAB's board of directors.