From Jan. to Sept. of 2006, the output of China's steel, pig iron, steel products and iron ore are 308,440 thousand, 297,460 thousand, 339,030 thousand and 405,820 thousand tons respectively with the growth rate of 18.45%, 20.83%, 23.66% and 37.67% separately compared to the same period of last year.
Supply & Demand and Forecast of China's Steel Products, 1994-2014
It is estimated that China's GDP and fixed assets investment will grow at the speed of above 10% and 20% respectively. The vigorous momentum of China's macro economy will support the growing demand for iron & steel products. The International Iron and Steel Institute hold optimistic attitude towards China iron & steel market. Due to the sustaining prosperity of China's iron & steel industry, the estimated output in 2006 and 2007 will reach 374 million tons and 413 million tons respectively. Above 60% of the world's iron & steel output would from China, so the ascending trend of China's iron & steel industry after bottoming out is gradually clarified.