Ezz_steel1
kuwait_steel1
imatal4
Ezz_Web_Banner_Side_280x200
qatar_steel2
banner_7_22_300e2
banner_bahrian_600
banner_bahrian_600

China’s daily crude steel output hits 3-years low

China’s average daily output of crude steel recorded a three-year low in September, according to the China Iron and Steel Association (CISA).

The average daily output in September fell 21.2 percent year on year to 2.46 million tonnes, CISA vice chairperson Qu Xiuli said at a press conference.

She noted the drop in output is a must, as the country continued to control the production and energy cost of the steel industry.

A cut in output, however, did not affect the profits of China’s major steel mills. In the first nine months of this year, profits of the country’s major iron and steel companies surged 123 percent year on year.

Qu urged more efforts to build up the industrial and supply chains to enhance the coordinated development of upstream and downstream companies.

As part of the green shift by its energy-consuming steel industry, China has vowed to shrink its crude steel output in 2021 from a year earlier.

 

Share on twitter
Twitter
Share on facebook
Facebook

Related News

Ezz-780-1
kuwit-steel3
mih-1

Latest News

About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

Information About Union

92 Members

28 Board of Directors

17 Country

300.000 Employees

Subscribe Newsletter

Contact us

General Secretariat
Tel +21323304221 Fax +21323304254
Mail: relex@solbarab.org

Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: aisucairo@solbarab.org

All rights reserved Arab Iron and Steel Union | 1971 - 2022

Powered by Mohamed Hamed