China produced 57.95Mt of crude steel in September, down 1.3% from a month earlier, say the National Bureau of Statistics (NBS). But the September output was up 0.6% from a year earlier.
In the period January-September, China produced 542.34Mt of crude steel, up 1.7% y-o-y, according to the NBS.
China produced 80.44Mt of steel products in September, up 4.9% from a year earlier. Meanwhile, the September output was also up 2.06% from August’s 78.81Mt. Its steels output in the period of January-September rose 5.7% y-o-y to 708.28Mt.
Major steel companies in China produced 1.58Mt of crude steel a day on average in the first 10 days of October, a rise of 4.94% from the last 10 days of September, according CISA.
Chinese steel production has remained high since the start of this year. For the first eight months, the domestic daily crude steel output almost all hit 1.9Mt. In April and June, crude steel output even surpassed 2Mt per day.
But since late August factories across China reduced crude steel production. From late August to late September crude steel output was below 1.9Mt a day.