In the January-October period of the current year, China’s crude steel output amounted to 672.96 million mt, up 0.7 percent year on year, as announced by China’s National Development and Reform Commission (NDRC). The growth rate in question was 2.9 percentage points higher than that recorded in the same period last year.
In the January-October period of the current year, China’s overall outputs of metallurgical coke and ferroalloys amounted to 371.76 million mt and 29.56 million mt, down 0.8 percent and 2.1 percent year on year respectively. Meanwhile, in the given period China’s finished steel imports and exports totaled 10.91 million mt and 92.74 million mt, up 2.1 percent and 0.7 percent on year-on-year basis, respectively.
As also indicated by the NDRC, in October this year China's average composite steel price index issued by the China Iron and Steel Association (CISA) was at 78.69 points, up 2.39 points month on month and 18.58 points year on year. In particular, in October 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 2,740/mt ($397.1/mt), RMB 2,798/mt ($405.5/mt) and RMB 3,716/mt ($538.6/mt), up RMB 93/mt ($13.5/mt), RMB 76/mt ($11.0/mt) and RMB 156/mt ($22.6/mt) month on month, while rising by 21.9 percent, 36.9 percent and 43 percent year on year, respectively.