Mr Qi Xiangdong deputy secretary general of the China Iron and Steel Association recently forecasted in Tianjin that China's crude steel output will surge to hit some 480 million tonnes in 2007 up about 14% YoY.

Mr Xiangdong said that under Chinese government's macro control, China’s steel output showed a downward trend during the second half. However, because of the strong demand in domestic market, steel output still remained certain growth.

(Sourced from Mysteel.net)