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在线翻译:
szdaily -> Business
Steel demand seen up 3-4%: CISA official
    2017-September-28  08:53    Shenzhen Daily

DEMAND for steel in China, the world’s top consumer, is expected to rise 3 percent to 4 percent this year, with consumption better than expected, a senior official of the China Iron and Steel Association (CISA) said yesterday.

“We expect consumption for steel products this year to grow 3 to 4 percent,” Wang Liqun, vice chairman at the CISA told an industry conference.

China’s infrastructure push has spurred steel demand this year, lifting profit margins for producers to the highest in years and steel production to record levels.

Despite governmental efforts to cut excess capacity in its bloated steel sector, the country’s output of the building material is forecasted to rise to 840 million tons this year from 808 million tons in 2016, the CISA said earlier this month.

In slashing excess capacity, China has also tightened its environmental protection rules as it fights smog, in the process weeding out smaller steel producers and allowing bigger players to dominate the sector.

On Tuesday, the city of Handan in the top steelmaking province of Hebei ordered steel mills to halve output a month earlier than expected, the latest city to ramp up efforts to reduce the smog following Tangshan in Hebei and Zhengzhou in Henan.

Handan city authorities told local steel mills to cut blast furnace production by 50 percent from Oct. 1 until March.

The environmental inspection “is a fundamental policy in China and will have an impact on prices and production,” said Wang.

But Wang said Chinese steel mills should “not over-interpret” the policy implemented by the Ministry of Environmental Protection.(SD-Agencies)

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