Economy
China's crude steel demand to hit 750m tons
Updated: 2011-05-30 09:32
(Xinhua)
BEIJING -- China Iron and Steel Association (CISA) predicts the country's annual demand for crude steel will rise to between 670 million and 750 million tons in 2015.
The figures are 11.8 percent and 25.1 percent higher compared with the 2010 level, said Luo Bingsheng, CISA's deputy Party chief, at a forum Sunday.
|
Luo also noted that as steel mills are highly energy-intensive, they are expected to bear the brunt of worsening power shortages this summer.
"As the summer peak draws near, the power shortage will worsen with more rationing measures, which is expected to affect the steel-making industry from June to September," he said.
According to government statistics, the country's crude steel output rose 9.6 percent year-on-year to 626.96 million tons in 2010.
Specials
Room at the inn
The Chinese hotel industry experiences a building boom, prompting fears of oversupply.
Pearls of wisdom
Chinese pearl farmers dominate the world market but now want to work smarter, not harder
Truly a super woman
Li Yuchun first came to prominence in 2005 as the Super Girl winner, and since then has become an international star.