In the January-October period of the current year,
China's
crude steel output amounted to 685.35 million mt, up 2.1 percent year on year, as announced by
China's National Development and Reform Commission (NDRC) on November 28. The growth rate in question was 6.2 percentage points lower than that recorded in the same period of last year.
In the first 10 months of the current year,
China's overall outputs of metallurgical coke and ferroalloys amounted to 395.10 million mt and 31.25 million mt, down 0.3 percent and up 6.3 percent respectively, both on year-on-year basis. The growth rates of coke and ferroalloy
production in the given period were 8.5 and 6.7 percentage points lower than in the same period of 2013. Meanwhile, in the January-October period this year,
China's exports of finished steel amounted to 73.89 million mt, up 42.2 percent on year-on-year basis.
As also indicated by the NDRC, in October this year
China's composite steel price index issued by the
China Iron and Steel Association (CISA) was at 86.35 points, down 1.62 points compared to September. In particular, in October 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 2,966/mt ($483.1/mt), RMB 3,092/mt ($503.6/mt) and RMB 4,002/mt ($651.8/mt), up RMB 20/mt ($3.3/mt), down RMB 96/mt ($15.6/mt) and decreasing by RMB 41/mt ($6.7/mt) month on month, while indicating respective decreases of 15.4 percent, 12.7 percent and 11.1 percent year on year.
In the January-September period of the current year, the domestic steel industry had realized an overall gross profit of RMB 121.7 billion ($19.8 billion), down 4.7 percent year on year.