China's crude steel production in July totaled 50.676 million mt, up 5.79 million mt or 12.9 percent year on year. Average daily production during the month reached 1.64 million mt, down by 12,800 mt or 0.78 percent month on month. Meanwhile, crude steel production for the January-July period reached 317.313 million mt, up 9.02 million mt or 2.93 percent year on year.
Taking imports and exports into consideration, the newly-added supply of crude steel to China's market in July totaled 51.17 million mt, up 12.58 million mt or 32.6 percent year on year. From January to July, the newly-added supply reached 319.2 million mt, up 35.66 million mt or 12.58 percent year on year.
In the month of July, China's exports of crude steel accounted for 3.57 percent of total national crude steel production; meanwhile, crude steel exports in the first seven months of this year constituted 3.51 percent of total domestic production.
China's pig iron production in July totaled 48.504 million mt, up 6.53 million mt or 15.55 percent year on year. At the same time, total pig iron production in the January-July period reached 308.8 million mt, up 19.85 million mt or 6.87 percent compared to the corresponding period in 2008.
China's finished steel production for July totaled 60.906 million mt, up 9.89 million mt or 19.4 percent year on year. On the other hand, country's finished steel production in January-July period reached 377.84 million mt, up 26.05 million mt or 7.4 percent year on year.
The breakdown of China's finished steel production in July according to the various products is as follows:
