China’s crude steel production in November rose to 87.66mn mt, up by 8pc from the prior year at an average daily output of 2.92mn mt during the month, according to China’s National Bureau of Statistics.
In the Jan-Nov period, China produced 961.6mn mt crude steel, an increase of 5.5pc from the prior period amid an 8.94pc increase in apparent steel consumption. China’s produced 58.1pc of the 1.347bn mt global crude steel output, which decreased by 3.2pc from the prior year period. Also, China served as a market for steel products from other countries with its exports rising by 72.2pc in the Jan-Nov period. During this period steel — more so since June — billet imports grew nearly 10 times on an annual basis. China has been a net importer of crude steel for four consecutive months.
| China’s steel production in November | ||||
|---|---|---|---|---|
| Unit: mn mt | Nov | YoY Change | Jan-Nov | YoY Change |
| Crude Steel | 87.66 | 8.0% | 96.16 | 5.50% |
| Steel Products | 117.34 | 10.80% | 1202.03 | 7% |
| Pig Iron | 72.01 | 4.7% | 812.90 | 4.2% |
China’s steel products output rose by 10.8pc in November to 117.34mn mn from the prior-year at an average daily output of 3.911mn mt during the month. In Jan-Nov period, steel output grew by 7pc to 1202mn mt from the prior-year period.
In November, China’s Pig iron production rose by 4.7pc to 72.01mn mt at an average daily output of 2.40mn mt. From Jan-Nov, Pig iron output was 812.9mn mt, up by 4.2p from the prior period.
China’s ferrous metal smelting and rolling processing industry’s added value increased by 9.6pc in November from a year ago, and rose by 6.3pc in the Jan-Nov period.