Chen Derong, chairman of leading Chinese steelmaker Baowu Group, stated on November 6 at China International Import Expo held in Shanghai that China’s crude steel output in 2018 will likely exceed 900 million mt, to reach a new historical high.
In 2017 China’s crude steel output amounted to 831.7 million mt, while in the first nine months of this year the output figure reached 699.4 million mt, up 6.1 percent year on year.