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[Ferro-Alloys.com] China's steel output posted steady growth in the first 11 months amid increasing market demand while the steel enterprises saw shrinking profit due to rising cost, according to an industry association.

Although China produces most types of stainless and special alloys that meet its large-scale special material demand, certain types of materials for high-end manufacturing still rely on imports, and it is important that Chinese companies across the industry chain cooperate to meet market-oriented demand and coordinate innovation and technological development, experts said.

Tariff Commission of the State Council released the notice on the adjustment plan for the temporary tariff rate of imports in 2020 on Monday, December 23, 2019. From January 1, 2020, the ferrosilicon export tax rate in 2020 temporarily remains unchanged at 20%.

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.8 million tonnes (Mt) in November 2019, a 1.0% decrease compared to November 2018.

Click here for more information: Ferrosilicon Daily Express 12.26

• [Editor:kangmingfei]