China's steel industry sees output growth in September

Time:2020-11-02 14:48:15      Source:Xinhuanet.com

China's steel sector registered output expansion in September as the country's economic recovery maintains momentum, industrial data showed.

Crude steel output rose by 10.92 percent to reach 92.56 million tonnes in the period, with a daily output of 3.09 million tonnes, according to the China Iron and Steel Association (CISA).

The output of pig iron gained 6.93 percent year on year to hit 75.78 million tonnes last month, while that of rolled steel reported a year-on-year increase of 12.33 percent, according to the CISA.

The association expected this year's total output of crude steel to exceed 1 billion tonnes, representing year-on-year growth of 3 to 5 percent.

Amid solid efforts to bolster the economy, the country's major steelmakers saw their sales revenue grow 5.44 percent year on year to stand at 3.39 trillion yuan (about 504 billion U.S. dollars) in the first nine months.

Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-18
Shuozhou 5200 435 0 FOR 06-18
Ordos 5500 415 0 ex-mine 06-18
Yulin 6200 535 0 ex-mine 06-18
Liulin Low-sulphur 560 0 ex-mine 06-18
Gujiao Low-sulphur 1095 0 FOR 06-18
Xingtai Low-sulphur 1210 0 ex-Factory 06-18
Yangquan PCI 770 0 FOR 06-18
Index RMB/t WoW WoW% Date
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