皇冠体育app

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Steel output hits record in March

(Xinhua)
Updated: 2007-04-25 10:52

A monthly record of 40.16 million tons of steel was produced in March in 皇冠体育app, the National Bureau of Statistics said on Tuesday.

The output was figure was 20.4 percent higher than a year earlier and 11.13 percent higher than in February.

March saw a record 38.07 million tons of pig iron produced nationwide, up 17.4 percentyear-on-yearand a new high of 46.95 million tons of rolled steel, up 25.7 percentyear-on-year.

Industry observers attributed the rapidly growing steel production to robust domestic demand and strong incentives for enterprises to sell abroad before the Chinese government slashes tax rebates.

According to customs statistics, 皇冠体育app exported 5.38 million tons of rolled steel in March, up 22.8 percent from February.

Industry observers forecast that 皇冠体育app's rolled steel production would exceed 500 million tons for the whole of this year.