China’s crude steel production in August rose by 8.4pc to 94.85mn mt from the prior year amid robust domestic steel demand supported by a steady recovery in economic activities, according to the National Bureau of Statistics.
Crude steel production for the eight-month (Jan-Aug) period was 688.89mn mt, up 3.7pc from the prior period.
In August, China’s pig iron output rose by 5pc to 78.55mn mt from prior August, while in the Jan-Aug period production was 589.4mn mt, up by 3.4pc from a year ago.
China’s steel products output rose to 119.13mn mt, up by of 11.3pc from the prior year. The output from Jan-August rose by 4.8pc to 844.69mn mt from the prior year period.
The average daily crude steel output in August was 3.059mn mt, which is a new high, up by 1.59pc from the prior month. Daily output of pig iron was 2.533mn mt, and steel products output was 3.842mn mt.
China’s daily steel production increased by 6.7pc in early-September from the prior year period, but slowed by 1pc from late-August.
Aluminium
China’s primary aluminum output in August rose by 5.5pc to 3.17mn mt from the prior August. Primary aluminum production in the eight month period (Jan-Aug) increased by 2.3pc to 24.30mn mt from the prior period. Increased auto sales in China is driving auto production and aluminium demand in the domestic market.
| China’s production ferrous & non-ferrous metal in August (mn mt) | ||||
|---|---|---|---|---|
| Production | Aug-20 | YoY | Jan-Aug | YoY |
| Crude steel | 94.85 | 8.4% | 688.89 | 3.7% |
| Steel | 119.13 | 11.3% | 844.69 | 4.8% |
| Pig Iron | 78.55 | 5.0% | 589.4 | 3.4% |
| Primary Aluminium | 3.17 | 5.5% | 24.30 | 2.3% |
| 10 non-ferrous metal | 5.29 | 6.9% | 39.89 | 3.3% |