In the January-November period of the current year, China's crude steel output amounted to 748.67 million mt, up 1.9 percent year on year, as announced by China's National Development and Reform Commission (NDRC). The growth rate in question was 5.9 percentage points lower than that recorded in the same period of last year.
In the first 11 months of the current year, China's overall outputs of metallurgical coke and ferroalloys amounted to 434.74 million mt and 34.55 million mt, down 0.4 percent and up 5.4 percent respectively, both on year-on-year basis. The growth rates of coke and ferroalloy production in the given period were 8.4 and 7 percentage points lower than in the same period of 2013. Meanwhile, in the January-November period this year, China's exports of finished steel amounted to 83.61 million mt, up 46.8 percent on year-on-year basis.
As also indicated by the NDRC, in November this year China's composite steel price index issued by the China Iron and Steel Association (CISA) was at 85.83 points, down 0.52 points compared to October. In particular, in November 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 RMB 2,991/mt ($487.1/mt), RMB 3,033/mt ($494.0/mt) and RMB 3,941/mt ($641.9/mt), up RMB 26/mt ($4.2/mt), down RMB 58/mt ($9.5/mt) and decreasing by RMB 61/mt ($9.9/mt) month on month, while indicating an increase of 15.3 percent and decreases of 13.4 percent and 11.7 percent year on year, respectively.
In the January-October period of the current year, the Chinese domestic steel industry had achieved an overall gross profit of RMB 145.0 billion ($23.6 billion), down 8.2 percent year on year.