As reported by China's National Development and Reform Commission (NDRC) on December 29, in November this year the country's crude steel production grew by 37.4 percent, down five percentage points compared with the growth rate in the previous month; finished steel production in November jumped up by 46.46 percent, an increase of 4.8 percentage points month on month; in addition, coke production went up by 59.6 percent, while ferroalloy production soared by 98.5 percent. Meanwhile, China's finished steel exports in November totaled 2.85 million mt, up 140,000 mt compared with the previous month; finished steel imports in the month in question came to 1.29 million mt, down 190,000 mt month on month, with semi-finished steel imports during the period in question down 30,000 mt month on month to 300,000 mt. In addition, the country's coke exports in November were up 10,000 mt month on month to 60,000 mt.
In the first eleven months this year, China's crude steel production amounted to 518.18 million mt, up 12.1 percent year on year, a rise of 9.5 percentage points compared with the growth registered in the same period last year; meanwhile, finished steel production from January to November was up 17.4 percent to 628.33 million mt, up 13.1 percentage points year on year. In the January-November period, China's coke production totaled 314.44 million mt, up 8.2 percent year on year, while ferroalloy production reached 19.81 million mt, up 15.8 percent. On the other hand, semis imports in the first eleven months stood at 4.49 million mt; finished steel exports fell 62.1 percent year on year to 21.26 million mt, with finished steel imports up by 11.4 percent to 16.15 million mt. Finally, China's iron ore imports during the period in question increased by 38.4 percent year on year to 565.86 million mt, with coke exports down 96 percent to 480,000 mt.
From January to November, China's metallurgical industry achieved a total profit of RMB 143.3 billion, down 40.8 percent year on year. The decrease rate was down 25.6 percentage points compared with that registered in the first eight months this year.