In the January-November period of the current year, China’s crude steel output amounted to 764.80 million mt, up 5.7 percent year on year, as announced by the National Development and Reform Commission (NDRC). In the first eleven months of the current year, China’s finished steel output amounted to 972.98 million mt, up 1.1 percent year on year, while China’s overall outputs of metallurgical coke and ferroalloys totaled 398.43 million mt and 30.85 million mt, down 2.7 percent and rising by 0.8 percent year on year, respectively. Meanwhile, in the given period China’s finished steel exports amounted to 69.83 million mt, down 30.7 percent, while its finished steel imports totaled 12.10 million mt, up 0.6 percent, both year on year.
As also indicated by the NDRC, in November this year China's average composite steel price index issued by the China Iron and Steel Association (CISA) was at 116.62 points, up 0.92 points month on month and rising by 28.37 points year on year. In particular, in November of the current year, the average prices of 6.5 mm high-speed wire rod and 1.0 mm cold rolled coil (CRC) were respectively RMB 4,212/mt ($642.1/mt) and RMB 4,807/mt ($732.8/mt), up RMB 54/mt ($8.2/mt) and RMB 24/mt ($3.7/mt) month on month, and rising by 36.7 percent and 12.4 percent year on year, respectively, while the average price of 20 mm common medium plate was RMB 4,173/mt ($636.1/mt), down RMB 29/mt ($4.4/mt) month on month and up 29.5 percent year on year.