[Ferro-Alloys.com]Wang Xiaoqi, the vice chairman of China Iron & Steel Association (CISA) indicated that China’s crude steel output would exceed 1 billion tons by the end of this year, much higher than 970 million tons at the end of a year ago.

He added that the overcapacity problem may be the major reason to cause low steel prices and high iron ore prices.

Meanwhile, CISA’s member steel mills would return to gain profits during October through November due to higher steel prices, Wang predicted.

• [Editor:editor]