In the January-November period of the current year, China’s crude steel output amounted to 857.37 million mt, up 6.7 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 1.01 billion mt and 397.79 million mt, up 8.3 percent and down 0.1 percent year on year, respectively.
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 115.14 points, down 6.33 points compared to October and decreasing by 1.47 points year on year.
In particular, in November of the current year, the average prices of 6.5 mm high-speed wire rod, 20 mm common medium plate and 1.0 mm cold rolled coil (CRC) were respectively at RMB 4,422/mt ($652.1/mt), RMB 4,140/mt ($652.6/mt) and RMB 4,613/mt ($708.9/mt), down RMB 181/mt ($39.2/mt), RMB 261/mt ($13.3/mt) and RMB 282/mt ($16.3/mt), all compared to October. The prices in question rose by 5.0 percent, declined by 0.8 and fell by 4.0 percent on year-on-year basis, respectively.