China's daily steel output tops 3 million mt to hit record high

摘要

China's crude steel output hit an all-time high on a daily rate basis in September at 3.085 million mt/day, which annualizes to 1,126 million mt, S&P Global Platts calculated based on National Bureau of Statistics data released Oct. 19. Based on Platts' estimated crude steel capacity in China of 1,230 million mt/year in 2020, the utilization rate was 92% in September, up from 91% in August. China produced 92.56 million mt of crude steel and 75.78 million mt of pig iron in September, up 10.9% and 6.9% year on year respectively, the NBS data released Oct. 19 showed. The crude steel daily average was up 0.8% month on month, while pig iron was down 0.3% over the same period.