|China's crude steel output up 2.4% in Q1
China, the world's largest steel producer, saw its crude steel output increase 2.4% year on year to 202.7 million tons in the first quarter of this year, according to the latest statistics released by the National Development and Reform Commission.
The commission said that the country's output of steel products grow 5.3% year on year to 261.41 million tons in the first three months.
China exported 18.33 million tons of steel products in the three-month period, up 27% year on year, while its import of steel products hit 3.59 million tons, up 11.3% from a year earlier.
In the month of Mar, the prices of 20-mm steel sheets and 1-mm cold-rolled coils were at RMB 3, 488 per ton and RMB 4,314 per ton, down 11.7% and up 10.3% from a year earlier, respectively.