China's steel production increased nearly 400% in 10 years

With the continuous advancement of modernization, China’s steel output has continuously hit a new high, with an increase of 400 percent over the past 10 years.

China's crude steel production in 2002 was 182 million tons, and it is expected that the output in 2012 will reach 715 million tons. China has become a global steel production engine.

The global steel production in 2011 was 1.527 billion tons. China's production in 2011 increased 8.9% year-on-year to 683.27 million tons.

The continuous increase in steel production is one of the main reasons for the increase in the demand for raw materials in China, especially iron ore, coking coal, nickel and other raw materials.

Albanian Minerals expects that China's 2012 primary steel production will account for nearly 50% of global production.

China's crude steel production in June was 60.2 million tons, and July was 61.7 million tons.

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