Posted on 19 Jun 2024
Crude steel output among the member mills of the China Iron and Steel Association (CISA) declined by 1.1% on year over January-May to reach 350 million tonnes, according to the latest release by the association late Monday. For May alone, the output stood at 73.3 million tonnes, higher by 0.7% on year.
During the first five months, the country's total crude steel output amounted to 439 million tonnes, down 1.4% on year, among which 92.9 million tonnes were produced during May, ticking up 2.7% on year, the data from the National Bureau of Statistics showed.
In parallel, CISA's member mills churned out finished steel products reaching 343 million tonnes over January-May, dipping by 0.4% on year, according to the release. Though their last month's finished steel output saw an uptick of 0.9% on year to 72.8 million tonnes.
CISA member mills' production in May
| May 2024 | Jan-May 2024 | ||
Output (mln t) | YoY (%) | Output (mln t) | YoY (%) | |
Crude steel | 73.2937 | 0.70 | 350 | -1.09 |
Pig iron | 64.8687 | -0.85 | 310 | -1.72 |
Finished steel | 72.8474 | 0.92 | 343 | -0.35 |
Source: CISA
Source:Mysteel Global
