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BEIJING, Nov 1 Asia Pulse - China Iron & Steel Association (CISA) forecasted that China's crude steel output in 2007 would reach 480 million tons, up 14 per cent compared with the previous year.
Luo Bingsheng, executive vice chairman of the CISA, said China's crude steel output in the first nine months stood at 363 million tons, up 17.61 per cent, and pig iron output increased by 15.68 per cent to 346 million tons.
Driven by increasing international steel prices, China's steel export amounted to 49.5 million tons in the same period, up 73.2 per cent, of which crude steel accounted for more than 40 per cent of the total.
Meanwhile, international shipping prices for iron ore have increased significantly, such as spot-contract commission for delivery from Brazil to China which ...
Source: HighBeam Research, CHINA'S CRUDE STEEL OUTPUT SEEN TO REACH 480 MLN TONS IN 2007.