NDRC: China’s crude steel output up 10.2 percent in January-May

Monday, 01 July 2019 12:09:37 (GMT+3)   |   Shanghai

In the January-May period of the current year, China’s crude steel output amounted to 404.88 million mt, up 10.2 percent year on year, as announced by the National Development and Reform Commission (NDRC). In the given year, China’s finished steel output and coke output amounted to 480.36 million mt and 102.49 million mt, up 11.2 percent and 5.8 percent year on year, respectively.

As also indicated by the NDRC, in May this year China's average composite steel price index issued by the China Iron and Steel Association (CISA) was at 112.16 points, up 0.12 points compared to April and decreasing by 2.62 points year on year.

In particular, in May of the current year, the average price of 8.0 mm high-speed wire rod was RMB 4,297/mt ($626.4/mt), up 0.8 percent month on month, while rising by 0.1 percent year on year. Meanwhile, the average prices of 1.0 mm cold rolled coil (CRC) and 20 mm common medium plate were respectively RMB 4,124/mt ($601.2/mt) and RMB 4,449/mt ($648.5/mt), down 0.1 percent and 1.7 percent month on month, while declining by 6.7 percent and 5.0 percent year on year, respectively.

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