In the January-September period of the current year, China’s crude steel output amounted to 603.78 million mt, up 0.4 percent year on year, as announced by China’s National Development and Reform Commission (NDRC). The growth rate in question was 2.5 percentage points higher than that recorded in the same period last year.
In the January-September period of the current year, China’s overall outputs of metallurgical coke and ferroalloys amounted to 331.74 million mt and 26.60 million mt, down 1.6 percent and 2.1 percent year on year respectively. Meanwhile, in the given period China’s finished steel imports and exports totaled 9.83 million mt and 85.12 million mt, up one percent 2.4 percent on year-on-year basis, respectively.
As also indicated by the NDRC, in September this year China's average composite steel price index issued by the China Iron and Steel Association (CISA) was at 76.30 points, up 1.04 points month on month and 14.57 points year on year. In particular, in September of the current year the average prices of 6.5 mm high-speed wire rod, 20 mm common medium plate and 1.0 mm cold rolled coil (CRC) were respectively RMB 2,646/mt ($390.8/mt), RMB 2,722/mt ($402.1/mt) and RMB 3,561/mt ($526.0/mt), down RMB 20/mt ($2.9/mt) and RMB 5/mt ($0.7/mt) and up RMB 177/mt ($26.1/mt) month on month, while rising by 15.2 percent, 29.5 percent and 32.6 percent year on year, respectively.