China’s crude steel output dip in October

Crude steel output slightly dropped in China last month, but remained at a very high level. More production is expected in November, which may impact market prices in the year end.

Chinese mills smelted 92.2 million t of crude steel in October, which was 12.7% higher than a year ago, and down by 0.4% (360,000 t) than in September 2020. according to the latest release of National Bureau of Statistics.

Since a new era was started in May this year, when production hit 92 million t for the first time. “[The output above 90 million t per month] is the new normal,”

In January-October crude steel output reached 874 million t, up 5.5% compared to the same period of 2019. It means that annual output should hit 1.05 billion t this year.


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Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

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