Hunan Province-based Chinese steelmaker Hunan Valin Iron & Steel Co. (Hunan Valin Steel) has announced that in April this year its pig iron and crude steel outputs respectively totaled 1.75 million mt and 2.17 million mt, increasing by 1.7 percent and decreasing by 0.46 percent compared to March. At the same time, its finished steel output amounted to 2.0 million mt in April, down 1.5 percent month on month.
Following an increase seen in the first quarter, the producer has decided to keep its output stable. As SteelOrbis reported earlier, in the January-March quarter, though the outbreak of the coronavirus exerted a negative impact on the Chinese economy, Valin Steel’s output of steel amounted to 6.31 million mt, up 3.9 percent year on year.