Iron and Steel Industry Successfully Complete Annual Output Reduction Task in 2022

SHANGHAI, Jan 18 — According to the data released by the National Bureau of Statistics, in December, the added value of large scale industries actually increased by 1.3% year-on-year (the growth rate of added value is the actual growth rate after deducting price factors).

In December 2022, the output of crude steel was 77.89 million mt, a year-on-year decrease of 9.8%. The annual output of crude steel in 2022 was 1.013 billion mt, a year-on-year decrease of 22.243 million mt or 2.1%. The output of steel products in December was 111.93 million mt, a year-on-year decrease of 2.6%. The annual steel output was 1.34 billion mt, a year-on-year decrease of 0.8%.