China has a record steel output in 2011

AlbanianMinerals: China has a record steel output in 2011

China's crude steel output rose to 667.29 million tonnes of rolled steel between January and September, up13.9 percent year-on-year.

Rolled steel exports rose 9.5 percent year-on-year to 37.15 million tonnes, while imports fell 4.3percent to 11.96 million tonnes, according to the statement.

In the first eight months, the steel industry in China realized a profit of 32.5 billion U.S. dollars, up 32.6 percent from the same period in 2010.

The demand for raw materials, iron ore, chrome ore, coal and ferrochrome for making steel is likely to continue to increase.

The Chinese steel industry has a record steel output in 2011 to meet soaring demand from infrastructure and social housing projects.

AlbanianMinerals President and CEO MrSahit_Muja said "Steel production in China to exceed 710 million tons in 2011. "

AlbanianMinerals President and CEO MrSahit_Muja said "Strong economic growth and urbanization in China, India and other nations are expected to create growing demand for steel" .

AlbanianMinerals expect steel demand to grow worldwide by 15 per cent in 2012.