Tuesday, December 16, 2008

National Bureau Of Statistics Of China Crude Falls 12.4% - Dec 16, 2008

China's crude steel production for November dropped 12.4% year on year to reach 35.19 million mt, according to latest figures from the National Bureau of Statistics of China Tuesday. Crude steel output for the first 11 months of the year, however, totaled 462.96 million mt, which was up a marginal 2.6% from a year ago. Steel products output for the month reached 42.3 million mt, which was down 11% compared with the same month in 2007.

Steel products output over January-November totaled 530.75 million mt, which was 4.3% higher year on year. The country also produced 33.52 million mt of pig iron in November, which was a drop of 16.2% from a year ago. Pig iron production in the 11-month period totaled 434.15 million mt, up 1% from the year earlier.In November 2008, China produced 72.39 million of iron ore, which was a 13.3% increase from the same month in 2007.

The country's total iron ore output for January-November 2008 reached 741.55 million mt, which was an increase of 20.4% year on year. Meanwhile, the country produced 713,500 units of automobiles in November, which was a decrease of 15.9% over the same month in 2007, the bureau figures showed. China produced 8.94 million units of automobiles over January-November, up 9.7% year on year.

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