According to the National Bureau of Statistics of the People's Republic of China (NBS) steel production in the country reached 96.61 million tons in May 2022 the highest level in the last twelve months. This figure was 3.5% lower than the record in the history of Chinese metallurgy in May 2021, but surpassed April by 4.1%.
Average daily steel production in May reached 3.116 million tons, up 0.8% compared to the previous month. More steel was produced in China only in April, May and June last year.
Chinese metallurgists melted more than 435 million tons of steel in just five months, 8.7% less than in the same period a year ago. However, the gap from last year's program is narrowing.
According to NBS, pig iron production in May reached 80.49 million tons, up 2.0% compared to the same month of the previous year, and the five-month production of approximately 360 million tons is only 5.9% lower than the one-year indicator. before. This is explained by the fact that many mini-mills in China have reduced or even suspended production this year due to the relatively low prices and high costs for rolled products.
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