Crude steel production in China climbed to a record just shy of 1 billion tonnes...
BEIJING - Crude steel production in China climbed to a record just shy of 1 billion tonnes in 2019, boosted by a resilient property market and robust demand as Beijing beefed up infrastructure spending in a bid to weather a slowdown in economic growth.
In December, China’s steel production surged 12% year-on-year to 84.27 million tonnes, the highest since August, according to the statistics bureau. December’s average daily output was up 1.5% from November at 2.72 million tonnes, according to a Reuters calculation based on official data. Profit margins at steel mills also remained strong enough to encourage greater output, according to analysts.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China 2019 GDP estimated to have grown more than 6%: Vice Premier Liu HeChina's 2019 gross domestic product is estimated to have grown more than 6%...
Read more »
2019 ended Earth's warmest decade since record-keeping began, scientists sayThe last decade was the warmest on record, federal climate scientists announced Wednesday, with 2019 becoming the second-warmest year on record.
Read more »
Tesla sales employees petition for higher base pay after commission cuts in 2019Dare Brewer, a Tesla advisor based in Richmond, Virginia, sent a mass e-mail asking North American colleagues to support her in seeking higher base pay after commissions were steeply cut but responsibilities increased in the second half of 2019.
Read more »
10 Body Positive Moments That Made Us Feel Empowered in 2019In 2019, the body positivity movement was as strong as ever, with more women from all walks of life celebrating their physical and emotional selves…
Read more »
2019 Was Second-Warmest Year on Record, Federal Climate Scientists SayThe world experienced near-record global temperatures in 2019, federal scientists said, capping the warmest decade in modern times.
Read more »
The last decade was the warmest ever recorded, 2019 the 2nd warmest year in historyLast year was the second warmest year on record around the globe, making the last decade the warmest in recorded history, according to a new government report released Wednesday. Scientists from the National Oceanic and Atmospheric Administration and National Aeronautics and Space Administration said
Read more »