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Steel Output
According to National Bureau of Statistics, China’s crude steel, pig
iron and finished steel products output in November totaled 69.31
million tons, 61.73 million tons and 101.03 million tons, down 22%, down
16.6% and down 14.7% year on year. Daily average output of crude steel,
pig iron and finished steel products during the period was 2.3103
million tons, 2.0577 million tons and 3.3677 million tons, up 0.1%, up
1.2% and up 2.6% respectively from last survey.
Steel Supply
It is estimated that China’s crude steel and finished steel products
supply reached 67.49 million tons and 98.09 million tons in November,
down 20.35 million tons or 23.2% and down 17.8 million tons or 15.4%
year on year.
SteelHome Commentary
China’s crude steel output dropped substantially in November year on
year. On one hand, Beijing-Tianjin-Hebei region has entered heating
season, and production restriction for environmental protection
increased. On the other hand, steel mills which have completed
production reduction task are heard to increase their output. At
present, steel mills still enjoy acceptable profit. SteelHome believes
that China’s December crude steel output will increase slightly month on
month and fall sharply year on year.
|
In 10,000 tons |
Product |
Nov., 2021 |
Nov., 2020 |
YoY |
YoY% |
Jan-Nov., 2021 |
Jan-Nov., 2020 |
YoY |
YoY% |
Annualized Output (Based on Nov. Output) |
Annualized Output (Based on Jan-Nov Output) |
|
Output |
Crude Steel |
6931 |
8886 |
-1955 |
-22 |
94636 |
97162 |
-2526 |
-2.6 |
84327 |
103420 |
|
Pig Iron |
6173 |
7402 |
-1229 |
-16.6 |
79623 |
83114 |
-3491 |
-4.2 |
75105 |
87013 |
|
Steel Products |
10103 |
11844 |
-1741 |
-14.7 |
122333 |
121122 |
1211 |
1 |
122920 |
133687 |
|
Import |
Steel Products |
142.4 |
185.4 |
-43 |
-23.2 |
1326.7 |
1885.6 |
-558.9 |
-29.6 |
1733 |
1450 |
|
Billet |
130 |
169 |
-39 |
0 |
1203 |
1747 |
-544 |
-31.1 |
1582 |
1315 |
|
Crude steel |
281.5 |
366.2 |
-84.7 |
-23.1 |
2614.4 |
3753 |
-1138.6 |
-30.3 |
3425 |
2857 |
|
Export |
Steel Products |
436.1 |
440.2 |
-4.1 |
-0.9 |
6187.5 |
4882.2 |
1305.3 |
26.7 |
5306 |
6762 |
|
Billet |
0 |
0 |
0 |
0 |
0.5 |
2 |
0 |
0 |
0 |
1 |
|
Crude steel |
463.9 |
468.3 |
-4.4 |
-0.9 |
6582.9 |
5195.8 |
1387.1 |
26.7 |
5645 |
7194 |
|
Net Export |
Steel Products |
293.7 |
254.8 |
38.9 |
15.3 |
4860.8 |
2996.6 |
1864.2 |
62.2 |
3573 |
5312 |
|
Billet |
-130 |
-169 |
39 |
0 |
-1202.5 |
-1745 |
542.5 |
-31.1 |
-1582 |
-1314 |
|
Crude steel |
182.4 |
102.1 |
80.4 |
78.8 |
3968.6 |
1442.9 |
2525.7 |
175 |
2220 |
4337 |
|
Supply |
Crude Steel |
6749 |
8784 |
-2035 |
-23.2 |
90667.4 |
95719 |
-5052 |
-5.3 |
82107 |
99083 |
|
Steel Products |
9809 |
11589 |
-1780 |
-15.4 |
117472.2 |
118125 |
-653 |
-0.6 |
119346 |
128375 |
|
(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932 18616060095) |
