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Steel production in China hits ten-month high

According to the PRC National Bureau of Statistics, the steel production volume in the country reached..

Steel production in China hits ten-month high

According to the PRC National Bureau of Statistics, the steel production volume in the country reached 92.78 million tons in April 2022. This is 5.2% less than the same period last year, but 5.1% more than in March.
Average daily steel production in China reached 3.09 million tons in April, up 8.6 percent compared to March. This figure exceeded 3 million tons for the first time since June last year and is the maximum of the last ten months overall. Thus, the country's metallurgical industry does not experience serious problems due to the spring epidemic of the coronavirus.

In the first four months of this year, a total of 336.15 million tons of steel was melted in China. This is 10.5% less than in January-April 2021, but then Chinese metallurgists produced record volumes of metal. Melting in China in 2022 exceeds all other years except 2021.

Pig iron production amounted to 76.78 million tons in April and 280.30 million tons in four months At the same time, the April smelting roughly corresponds to the same month of the previous year, and for four months the decrease was 9.4 percent.

 

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