Hunan Province-based Chinese steelmaker Hunan Valin Iron & Steel Co. (Hunan Valin Steel) has announced respective pig iron, crude steel and finished steel outputs of 1.82 million mt, 2.3 million mt and 2.16 million mt for May of this year, increasing by four percent, six percent and eight percent compared to April.
In May, finished steel prices in China moved up amid strong demand from downstream users and so domestic steelmakers increased their capacity utilization rates.
I hold a Bachelor's degree in Journalism and Economics from Oles Honchar National University in Ukraine. I have 15 years of experience in the steel media industry, including the past seven years at SteelOrbis, where I lead the Market Intelligence team responsible for coordinating coverage of Asian steel and raw material markets. My areas of expertise also include global markets for billet, slabs, pig iron and HBI, with a focus on market analysis and industry trends.