Operation of the steel industry from January to September 2021
Crude steel output continued to decline year-on-year. Since July, crude steel output has maintained a year-on-year decline for three consecutive months. According to the National Bureau of Statistics, in September, the national crude steel output was 73.75 million tons, down 21.2% year-on-year; the pig iron output was 65.19 million tons, down 16.1% year-on-year; the steel output was 101.95 million tons, down 14.8% year-on-year. From January to September, the country’s cumulative crude steel output was 806 million tons, a year-on-year increase of 2.0%; the cumulative pig iron output was 671 million tons, a year-on-year decrease of 1.3%; the cumulative steel output was 1.020 billion tons, a year-on-year increase of 4.6%. 2. Steel prices fluctuate at a high level. Steel prices remained high, but generally stable. According to data from the China Iron and Steel Association, at the end of September, the domestic steel composite price index was 157.70 points, up 4.4% month-on-month and 48.8%...