A crucial economic indicator, the ratio of steel output, was running at 4.5:1 against Germany.
In the United States, minimills account for about 20 percent of total steel output.
China's annual crude steel output was 100 million in 1996.
Since the establishment of the People's Republic, considerable investment has gone consistently to expand steel output.
In the late 1980s, it was apparent that steel output would remain insufficient to meet the needs of the Four Modernizations.
The provinces overrun by Germany had produced 40% of the nation's coal and 58% of its steel output.
Last month, the governments of about 40 countries agreed to reduce steel output over 10 years by almost 100 million tons.
In 1901, it accounted for 66% of America's steel output, and almost 30% of the world's.
The company accounts for 28% of total steel output in Brazil.
By 1970 half of world's and 80% of Japan's steel output was produced in oxygen converters.