China’s crude steel output in May increased by 4.18pc to 92.26mn mt from the previous year, according to the China Iron and Steel Association. In May, the daily output of crude steel was 2.97mn mt, an increase of 5.01pc from the previous month.
In May, production of pig iron increased by 2.40pc to 77.31mn mt from a year ago. The daily production of pig iron in May was 249,400mt, an increase of 3.89pc from April. China’s steel production rose by 6.22pc to 14.52mn mt from May 2019. The daily output of steel in May was 3.69mn mt, a rise of 3.57pc from the last month.
From January to May, the cumulative production of crude steel was 410.1mn mt, which increased by 1.92pc from the prior year period. Production of pig iron was 360mn mt, an increase of 1.50pc from the prior year period. Steel production was 490mn mt, up 1.19pc from the same period in 2019.