Due to strong production in the first two months of 2010, Chinese consumption of steel grew by 24% in the Jan-Feb period.

Since steel production in Jan-Feb 2009 was very weak, output in 2010 will have a high growth rate. Crude output in Feb equaled an annual rate of 656.4Mt, although experts are predicting total annual production for China in 2010 will be 620Mt.

Source China Metals