OREANDA-NEWS. January 16, 2012. China crude steel output is expected by CISA to rise by roughly 9.2 percent to 683 million tons in 2011, leaving great pressure on excess supply this year.

Output in 2012 would continue to grow to approximately 700 million tons with the average utilization rate of 65 to 70 percent.

The industry will exhibit a new pattern of low price, low cost, lean inventory and tiny profit.