SteelOrbis Shanghai
Against the sharp slump in finished steel prices in October, the production of China's key large and medium steel producers was also affected during the month in question, though to a relatively low extent compared to the outputs of some small-scale producers. Meanwhile, the year-on-year decrease in the combined pig iron output of the sixty-seven key producers in October was 3.7 percentage points less than that seen for overall national output, while the decline in crude steel output was less by 0.5 of a percentage point; finally, the drop in finished steel output was 2.3 percentage points greater compared with the national output.
In October, among the sixty-seven key large and medium scale producers listed by the China Iron and Steel Association (CISA), the total output of pig iron was 26.7615 million mt, down 4.0288 million mt or 13.1 percent year on year; their average output on a daily basis was 863,300 mt, down 71,400 mt or 7.6 percent month on month. Meanwhile, the output of these sixty-seven producers accounted for 78.4 percent of China's total pig iron output in October.
With regard to crude steel, the output of these sixty-seven producers in October was 28.5051 million mt, down 5.6275 million mt or 16.5 percent year on year; their average output on a daily basis was 919,500 mt, down 90,300 mt or 8.9 percent month on month. Meanwhile, the output of these producers in the month in question accounted for 79.4 percent of China's total crude steel output.
As for finished steel, the output of the sixty-seven producers in question in October was 26.6671 million mt, down 4.5898 mt or 14.7 percent year on year; their average output on a daily basis was 860,200 mt, down 64,800 mt or seven percent month on month. Meanwhile, the output of these 67 producers accounted for 62.9 percent of China's total finished steel output in October.