China Crude Steel Production Rose In H1 2023

Published: Jul 25, 2023 13:23 (GMT+8)
CISA: From January to June, the national cumulative production of crude steel was 536 million mt with a year-on-year increase of 1.3%

CISA: From January to June, the national cumulative production of crude steel was 536 million mt with a year-on-year increase of 1.3%

According to the China Iron and Steel Association news, in June 2023, the national production of crude steel was 91.111 million mt with year-on-year growth of 0.40%. From January to June, the national cumulative production of crude steel was 536 million mt with a year-on-year increase of 1.30%. In June 2023, the key steel enterprises produced 73.044 million mt of crude steel, a year-on-year increase of 3.88%. From January to June, the cumulative production of key crude steel producers was 427 million mt, a cumulative increase of 3.64%.

More popular news

A String Of Key Chinese Economic Data Were Released, Including GDP, Fixed Asset Investment And Industrial Capacity Utilization Rate


Chief Economist At S&P Global Market Intelligence Warns Of US Recession In H2 2023


Daily Updates on SHFE Base Metals and Stainless Steel Warrants (July 24), with Broad-based Decline


Daily LME Base Metals Inventory Changes (July 24)


China Crude Steel Production Rose In H1 2023


China’s National Bureau of Statistics Presents Views and Outlook for Property Market


High Interest Rates And Months Of Sluggish Consumer Spending Have Raised Concerns About US Economic Outlook, Market Pining Hopes On Stimulus Policies In China


China's June Official Manufacturing PMI Contradicts Caixin PMI


Exclusive: China's Metals Output in June


National Bureau of Statistics: There is no deflation in the Chinese economy, and prices will gradually return to a reasonable range



Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[Indian recyclers seek government intervention over EU metal waste export ban proposal]
13 mins ago
[Indian recyclers seek government intervention over EU metal waste export ban proposal]
Read More
[Indian recyclers seek government intervention over EU metal waste export ban proposal]
[Indian recyclers seek government intervention over EU metal waste export ban proposal]
India's MRAI, representing small and mid-sized recyclers, has urged the federal trade ministry to intervene over the EU plan to bar metal waste exports to India from May 2027. The Ministry of Commerce and Industry said it remains engaged with the EU. The European Commission proposed the ban on 18 September, citing toxic heavy metals in scrap. India, a major scrap buyer, sources about a quarter of its metal scrap imports from the EU. In 2025/26 the EU supplied roughly 20% of India's aluminium scrap imports, 22% of copper and copper alloy scrap, 20% of lead scrap and 40% of zinc scrap, per MRAI. MRAI warned of higher raw-material costs and greater reliance on virgin metal, calling the move resource protectionism and seeking zero-duty scrap imports under the India-EU trade deal due this year.
13 mins ago
[US steel and aluminium tariffs create 'manufactured scarcity' as prices top double the world average]
13 mins ago
[US steel and aluminium tariffs create 'manufactured scarcity' as prices top double the world average]
Read More
[US steel and aluminium tariffs create 'manufactured scarcity' as prices top double the world average]
[US steel and aluminium tariffs create 'manufactured scarcity' as prices top double the world average]
US metals policy is a case of 'manufactured scarcity', a PPI analysis finds. Since 2018, Section 232 tariffs have risen to 50% on steel and aluminium, now covering Canadian and Mexican metal and semi-finished copper. Prices show the wedge: US steel averaged 758 USD/tonne in January 2025 against 456 USD/tonne globally, hitting 1,208 USD/tonne by June 2026 versus 490 USD/tonne worldwide, while aluminium runs about 4,500 USD/tonne. Output barely moved at 82 million tonnes, above the 81.3 million tonne 2019-2025 average but below the 84 million tonne 2010-2017 norm. Apparent consumption fell to 95 million tonnes, 9 million tonnes under the 2000-2017 average of 104 million tonnes. Manufacturing's GDP share fell from 3.1% in 2017 to 2.6% by early 2026, while new car prices rose about 2,000 USD. PPI contrasts this with the Biden-era CHIPS programme's 54 billion USD approach.
13 mins ago
[SMM Analysis] Ship Recycling Credit Note: What It Means for India's Steel and Shipbreaking Market
6 hours ago
[SMM Analysis] Ship Recycling Credit Note: What It Means for India's Steel and Shipbreaking Market
Read More
[SMM Analysis] Ship Recycling Credit Note: What It Means for India's Steel and Shipbreaking Market
[SMM Analysis] Ship Recycling Credit Note: What It Means for India's Steel and Shipbreaking Market
India now gives shipowners a "credit note" when they scrap an old ship at an approved Indian yard. The credit is worth 40% of the ship's scrap value, but it can only be used to help pay for a new ship built in India. The benefit goes to the shipowner, not directly to the recycler. It may bring more ships to India, but it does not by itself raise the price recyclers pay. What recyclers can pay depends on what they earn from selling the recovered steel, so domestic steel prices matter most.
6 hours ago