NDRC: China’s crude steel output up 6.4 percent in January-October

Thursday, 29 November 2018 10:43:41 (GMT+3)   |   Shanghai
       

In the January-October period of the current year, China’s crude steel output amounted to 782.46 million mt, up 6.4 percent year on year, as announced by the National Development and Reform Commission (NDRC). In the given year, China’s finished steel output and pig iron outputs amounted to 918.44 million mt and 645.06 million mt, up 7.8 percent and 1.7 percent year on year, respectively.

As also indicated by the NDRC, in October this year China's average composite steel price index issued by the China Iron and Steel Association (CISA) was at 121.72 points, up 0.08 points compared to September and rising by 5.76 points year on year.

In particular, the large and medium-sized steel enterprises in China - all CISA members - achieved an overall sales revenue of RMB 3.06 trillion ($0.44 trillion) in the January-September period of the current year, up 14.47 percent year on year, while they posted a gross profit of RMB 229.963 billion ($33.14 billion) for the given period, up 86.01 percent year on year.


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