China Issues Official Crude Steel, Pig Iron And Finished Steel Output For October

Data from the National Bureau of Statistics show that in October 2023, China's average daily crude steel output was 2.5513 million mt, a month-on-month decrease of 3.8%, a new low this year; pig iron's average daily output was 2.2319 million mt, a month-on-month decrease of 6.4%; finished steel's average daily output was 3.6681 million mt. mt, a month-on-month decrease of 6.6%.

In October, China's crude steel output was 79.09 million mt, a year-on-year decrease of 1.8%; pig iron output was 69.19 million mt, a year-on-year decrease of 2.8%; finished steel output was 113.71 million mt, a year-on-year increase of 3.0%.

From January to October, China's crude steel output was 874.7 million mt, a year-on-year increase of 1.4%; pig iron output was 744.75 million mt, a year-on-year increase of 2.3%; finished steel output was 1,144.18 million mt, a year-on-year increase of 5.7%.