In October 2014 China produced 67.5Mt of crude steel, down 0.3% when compared to the same period last year. The daily average figure was 2.1Mt, down 3.3%. The figure for January to October 2014 was 685.3Mt, up 2.1% year-on-year. The expected annual crude steel production figure for 2014 is likely to be 823Mt.

Pig iron output was down 3.1% while output of steel products was up 2% in October. Between January and October 2014 pig iron output was just under 600Mt. Steel output over the period was up 4.7% to 934.4Mt.

Chinese steel stocks were up 10.78% at roughly 14Mt, according to CISA, a rise of 1.36Mt.

The average daily crude steel output of the major steelmakers in China between 11-20 November 2014 stood at 1.6Mt, a rise of 44% from the period 21-31 October.

Chinese steel exports were up 0.35% from September at 8.55Mt. Between January and October exports amounted to 73.89Mt, a jump of 42% when compared to the same period last year. Imports of steel rose 4.1% to 12.009Mt and iron ore imports rose 16.5% to 778.4Mt.

Source: China Metals.