www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

China produces less steel in Q1

(Xinhua) Updated: 2015-04-29 13:26

China produces less steel in Q1

China produced less steel in the first quarter of the year due to shrinking demand amid slowing economy and government's effort to overhaul the saturated sector. [Photo provided to China Daily]

BEIJING -?China produced less steel in the first quarter of 2015 as demand shrank amid a slowing economy and government moves to overhaul the saturated sector, new data showed on Wednesday.

Output of crude steel slipped 1.7 percent from a year ago to 200.1 million tons in the January-March period, accounting for slightly more than half of the world's total, according to the data from the China Iron and Steel Association (CISA).

Meanwhile, steel prices continued to drop and steel mills' inventories kept piling, but exports of steel products surged over 40 percent to 25.78 million tons, the figures showed.

The CISA said many plants still struggled to keep afloat. The combined Q1 losses of large and medium-sized companies grew to over 11 billion yuan ($1.8 billion), up over?3 billion yuan from a year ago.

Despite the lackluster performance, the heavily-polluting sector is becoming cleaner as energy consumption and pollution from steel producers dropped, the CISA said.

China's iron and steel sector has been plagued by overcapacity since the financial crisis due to over a decade of blind expansion. Many companies filed bankruptcy and those that survived have suffered.

The Ministry of Industry and Information Technology announced in March that the government will accelerate the overhaul of the overly-invested sector by speeding up mergers and acquisitions and improving technology. It said it hopes to bring it back to a "basically balanced level" by 2017.

The CISA predicted that the steel demand of downstream industries will probably drop in the next three months or the second half of the year as slowing economic activity means less demand from big consumers including construction and machinery.

The Chinese economy expanded at 7 percent year on year in the first quarter of 2015, with the growth of other major indicators including industrial output and fixed asset investment dropping markedly.

In addition, the association cautioned that Chinese steel mills were too reliant on material imports as 80 percent of iron ore came from abroad.

 

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产免费高清福利拍拍拍 | 久久91亚洲精品久久91综合 | 欧美一级专区免费大片 | 亚洲国产成人久久精品图片 | 好吊妞国产欧美日韩视频 | 国产精品天天爽夜夜欢张柏芝 | 女人张开腿男人捅 | 国产成人精品视频在放 | 免费看孕妇毛片全部播放 | 成人做爰视频www | 欧美手机看片 | 欧美日产国产亚洲综合图区一 | 国产成人91一区二区三区 | 在线观看免费亚洲 | 欧美黑人xxxxxxxxxx | 欧美一级特黄aaaaaa在线看首页 | 九九免费精品视频 | 成人黄色在线观看 | 夜色www| 久久99国产精品一区二区 | 亚洲午夜综合网 | xxxwww在线播放 | 国产精品久久久久久免费播放 | 日本精品网 | 国产成人久久精品推最新 | 男女性高爱潮免费的国产 | 国产精品亚洲第一区二区三区 | 97精品国产高清在线看入口 | 玖玖精品视频在线观看 | 欧美色成人tv在线播放 | 亚洲黄色免费观看 | 农村寡妇野外情一级毛片 | 成人午夜在线视频 | 日韩欧美一级a毛片欧美一级 | 免费三级毛片 | 国产欧美va欧美va香蕉在线观 | 日本www色视频成人免费网站 | 午夜a一级毛片一.成 | 日韩欧美中文字幕在线播放 | 免费一区二区三区 | 久久这里有精品视频 |