SHANGHAI China, the
worlds largest steelmaker, produced 716.54 million tonnes
of crude steel in 2012, up 3.1 percent from the previous year,
National Bureau of Statistics data show.
But this is short of the 2011
year-on-year gain of 8.9 percent, attributable to the
moderating of Chinas economy.
Chinas gross domestic
product (GDP) growth for 2012 was 7.8 percent, the slowest rate
in 13 years.
Output totaled 57.66 million
tonnes in December, or an average of 1.86 million tonnes daily,
down 2.9 percent from November.
The China Iron and Steel Association previously estimated
2012 crude steel output at 697.48 million tonnes.
A version of this article
was first published by AMM sister publication Steel