China’s steel output at 1.05 billion t for 2020, accounts for 58% of the global steel output

[TaiShang]

Infrastructure development needs steel. Lots of them.

**

China State Construction Engineering Corporation (CSCEC) has launched a number of new key projects across the country, contributing to local ecological protection, infrastructure development, better living environment, as well as the tourism and leisure industries.

Ecological protection

The Lishui River project in Foshan

This project is located in Nanhai district of Foshan in Guangdong province, and covers a basin area of 66.01 square kilometers. It aims to improve the water environment and promote the water culture. Upon completion, it will make Foshan greener and more beautiful, and support the city's sustainable development.

Xiangyang water protection project

This project is located in Xiangzhou district of northwestern Xiangyang, Hubei province, and stretches for 10.5 kilometers. It is a vivid example of the coordinated development of socio-economic development and ecological development. After the project is completed, it will play a positive role in building an environment with beautiful mountains, clear rivers, and green lands.

Infrastructure development

Section LRTLSG-3 of the new Laixi-Rongcheng railway station front project: Boosting the integration of the Jiaodong economic circle

Located in the southeastern part of Shandong's Jiaodong Peninsula, this project has a construction length of about 48.46 kilometers. It will effectively improve the road network in the Jiaodong Peninsula and promote the development of Shandong into a province that is strong in transportation.

The Erqi Square tunnel project: A key livelihood project in Zhengzhou and a major project of road renovation

The total length of the project is 1,370 meters. Upon completion, it will effectively improve traffic of the square's surrounding area and contribute to Zhengzhou's economic development.

Section One of the Yantai Penglai International Airport Phase II Terminal 2 project: A major project in the 13th Five-Year Plan period in Shandong province

Located in the town of Chaoshui in Yantai Economic and Technological Development Zone, this project covers a total construction area of 172,000 square meters. It is a national Class I airport and an iconic gateway of Yantai to the world.

The relocation and laying of 330kV overhead transmission line project in northeastern Xi'an

The total cable length of the project is over 70 kilometers, which is the largest-scale and most high-tech project of relocating and laying ultra-high voltage cables in China to date. Upon completion, it will further optimize the cable network systems in northeastern part of Xi'an, and provide favorable conditions for the construction of the venues for the 14th National Games and its ancillary facilities, the Silk Road International Convention and Exhibition Center, and other major projects.

Improvement of the living environment

Longquan Renju project in Kuiwen district, Weifang, Shandong province

The project is located in Wujia village, Nianlipu street, Kuiwen district, Weifang, Shandong province. With a total construction area of 280,000 square meters, the project aims to improve the urban functions of Weifang, produce solutions for the difficulties encountered by low-income families, and enhance the quality of people's lives.

Lot 12-06 of Pudong Re-housing Project in Shanghai

Located in Caolu Town of Pudong New Area, Shanghai, Lot 12-06 covers an area of 12,000 square meters with a total construction area of approximately 38,000 square meters, 35% of which is green space. As Pudong New Area's most significant livelihood project, it is known as the opening chapter of the new era of public housing development in the industry.

Shouheng Lingyu General Contracting Project in Caofeidian

Located in Caofeidian Industrial Park, Tangshan, Hebei province, with a construction area of 122,800 square meters, the project is constructed to attract and accommodate nearly 2,000 workers to further the development of the industrial zone.

Bolster the growth of tourism and leisure industry

Zhongyuan Rongchuang Cultural Tourism City Project

Located in the Pingyuan Demonstration Zone of Xinxiang, Henan province, with a total construction area of about 200,000 square meters, the project is built to fill the gap in the high-end ice and snow entertainment service in central Henan, enriching the sporting activities and cultural tourism in the region.

Bailu Island Project of Jialong International Tourism Resort

Located along the coast of Bohai Sea, it is one of the key cultural and tourism projects in Qinhuangdao. Upon completion, it will promote the transformation of the local tourism industry from sightseeing-oriented to leisure-and-vacation-oriented, and refine the "taste of Qinhuangdao."

Sanya Joy City Urban Complex Project – Sanya's Central Business District and a new landmark

Located in a large business district in Sanya, Hainan province, with a total construction area of approximately 120,000 square meters, the project is constructed to be a new landmark of culture, tourism, and innovative business in the fashion industry, reinvigorating the development of Hainan Free Trade Port.

http://t.m.china.org.cn/convert/c_17vA0GUU.html

 

[waz]

Keep stupid comments out please.

 

[lcloo]

China may want to use Yuan instead of US dollars on global commodity market since it is a dominating buyer. By-passing the process of converting Yuan - US dollars - foreign currency will save big amount of FX service charges imposed by US commercial banks, which include FX rates differences and service handling charges. Amount save may be from hundreds of millions to billions of USD.

 

[flowerfan2020]

Standard ccp playbook i guess.
Cheers!

Indian pretending a American?

 

[lonelyman]

History of steel production went from manufacturing steel to outsourcing to to cheap labor countries .

Glad China is there for this primary labor intensive industry, rest of the world can source from here.
We got better things to do..

Better things like open shit on the streets and commit suicides and gang rapes?

 

[retaxis]

Congrats to China. Why are Indians always so jealous that they have to troll? I guess life is pretty sh1t living in their slums drinking cow wee.

 

[Indus Pakistan]

First in the history that steel output of single nation surpass 1 billion ton

So? Soon India will have a people output of 1.5 billion and surpass China's population.

 

[beijingwalker]

NBS: China’ 2020 crude steel output hits 1.05 billion t
Source：MysteelJan 18, 2021 15:00

Just as expected, China’s crude steel output had exceeded 1 billion tonnes for 2020, approximating 1.05 billion tonnes or up 5.2% on year, according to the latest release by the country’s National Bureau of Statistics (NBS) on January 18.

The on-year growth was 3.1 percentage points lower than that for 2019, as the battle against the COVID-19 for most of the first quarter of 2020 affected the steel output and demand to some extent, Mysteel Global noted.
However, China’s crude steel production had posted on-year gains since April and the pace picked up in the latter months, mainly as the domestic demand recovered substantially since the second quarter of 2020 with the resumption of economic and industrial activities and Beijing’s investments in infrastructures as part of the economic rescue efforts.

For December alone, China produced 91.3 million tonnes of crude steel, up 7.7% on year, and the daily output also recovered 0.7% on month after having retreated on month for October-November, Mysteel Global calculated based on NBS’s data.

For finished steel, the production for the whole 2020 grew more substantially by 7.7% on year to 1.3 billion tonnes, and the December output alone reached 120.3 million tonnes, which jumped 12.8% on year as against the 10.8% on-year growth for November, according to NBS data.

The strong performance in the country’s finished steel output matched the overall enthusiasm among the Chinese steel producers to maintain high finished steel output most of the time last year on the positive steel margins due to the robust demand first at home and then from abroad in the latter half of 2020 on the ease of the impact of the COVID-19, Mysteel Global noted.

Mysteel’s steel pricing assessments backed up the rationale, as China’s national price of HRB 400 20mm dia rebar surged Yuan 696/tonne ($107.3/t) on year to a 25-month high of Yuan 4,579/t on December 22, and that of the Q235 4.75mm hot-rolled coil (HRC) soared by Yuan 1,115/t on year to Yuan 4,994/t on the same day, or a new high since Mysteel started the latter’s assessment in July 2010, both including the 13% VAT.

Robust demand also saw China’s finished steel stocks empty to the pre-pandemic “normal” level by the end of 2020, and stocks of five major finished steel products comprising rebar, wire rod, hot-rolled coil, cold-rolled coil and medium plate at the commercial warehouses in China’s 35 cities, for example, totalled 8.4 million tonnes, or up just 2% on year.

Chin’s steel exports grew on month for the fourth month by December to 4.85 million tonnes, up 10.2% on month or 3.5% higher on year, as reported.

NBS: China’ 2020 crude steel output...

Just as expected, China’s crude steel output had exceeded 1 billi...

www.mysteel.net

 

[xuxu1457]

We don't need so much, and we hope to transfer production capacity to India in the future.
And import crude steel from India.

 

[Cheehg]

History of steel production went from manufacturing steel to outsourcing to to cheap labor countries .

Glad China is there for this primary labor intensive industry, rest of the world can source from here.
We got better things to do..

Steel industry in India is a labor intensive one? I don't think it is the case in the rest of the world. It's capital intensive.

 

[Viet]

CONF: China’s steel output at 1.05 billion t for 2020,
accounts for 58% of the global steel output

Source：MysteelDec 21, 2020 09:45See Full-size Table Here

China Crude Steel Art Abyss
https://www.steelguru.com/author/strategic-research-institute
China’s crude steel output will probably reach 1.05 billion tonnes for 2020, or having maintained an average growth of 50 million tonnes/year in recent years, and its share in the global steel output will rise to 58% from the 53% for 2019,

Luo Tiejun, vice chairman of China Iron & Steel Association (CISA), shared with delegates of Mysteel Annual Summit on December 19 in Shanghai.

The high steel production this year has been driven by strong demand, he emphasized, sharing that against the 5.5% on-year growth in China’s crude steel output over January-November, the country’s apparent crude steel consumption is estimated to have grown by 9.8% on year to 950 million tonnes in the first 11 months of 2020. “Actually,

Unprecedented steel demand in China pushed steel mills to increase daily crude steel output to a record high of 3.09 million tonnes a day in September 2020, which started tapering in in October 2020 to 2.97 million tonnes a day and 2.92 million tonnes a day in November 2020 as with the onset of winters in North China resulted in output restrictions forcing many steel mills to undertake maintenance. However, as the steel realization is very strong, daily crude steel output in December 2020 is likely to remain above 2.9 million tonnes a day, meaning we could witness China producing record 1.05 billion tonnes of crude steel in 2020, up by about 5% YoY, despite crude steel production shrinking to 79.9 million tonnes in January, 74.77 million tonnes in February and 78.97 million tonnes in March, when COVID19 spread had slowed down activities.

CONF: China’s steel output at 1.05 billion t for 2020 | Mysteel Global

www.mysteel.net

That’s why Xi Jingping invented Silk Road. He wants to dump chinese steel surplus into other countries.

 

[tower9]

The world has never seen an industrial power like China has become and will become.

 

[Ray02589]

That’s why Xi Jingping invented Silk Road. He wants to dump chinese steel surplus into other countries.

Most Silk Road countries would love to have China's infrastructure. Whatever China can do to get them there is welcome.

 

[aryobarzan]

In 1949, the year the PRC established, China's steel output was 158,000 tons, accounted for 0.1% of the world total steel output. India produced around 1 million tons steel around the same time.
Back then the output of steel was the single most important indicator of a country's overall industrial development level. it shows how far China was behind in the world.

0.1%.... Just incredible to know this figure and compare it to the current production share of 58%. Just to show you the importance of Steel in development in those days..During WWII Germany agreed to provide Iran with an steel Mill (first ever in Iran)...the ship carrying the equipment was confiscated by the British and never returned to Iran...That is how these dominant countries in those days made sure others will not be industrialized....How things have changed..Congratulation to China

 

[tower9]

0.1%.... Just incredible to know this figure and compare it to the current production share of 58%. Just to show you the importance of Steel in development in those days..During WWII Germany agreed to provide Iran with an steel Mill (first ever in Iran)...the ship carrying the equipment was confiscated by the British and never returned to Iran...That is how these dominant countries in those days made sure others will not be industrialized....How things have changed..Congratulation to China

That's why I keep saying that the world has never known an industrial power like China. This is why the world has already significantly shifted to the East yet many White men, like Trump, still think its the 1950s. The US was able to maintain dominance not because of "muh democracy" but because it was the world's greatest industrial power, had the most capacity, had the most vibrant economy, etc.

China is now the world's largest industrial power and has by far the greatest capacity, the greatest capability to mobilize resources in case of crisis and has by far the most vibrant economy. The world has massively shifted and this trend will continue.