As China’s economy continues to slow and GDP for Q3 2015 peaks at just 6.9 – the slowest quarterly growth in six years – crude steel production in China for October was down 3.1% when compared to the same period last year.
The figures, released by the National Bureau of Statistics on 11 November, show that crude steel output between January and October was 675.1Mt, down 2.2% year-on-year.
October pig iron output was 56.31Mt, down 4.4% and 584.72Mt between January and October, down 3.3%.
According to the NBS, steel output was down 0.2% on the year to 94.27Mt in October and rose by 1% to 934.3Mt between January and October.
The composite price index for domestic steel products stood at 60.11 points in October, down 1.62 points from September and 26.24 points from a year earlier.
Source: China Metals.