According to statistics from the National Development and Reform Commission, following are the performance numbers
1. Production
China's crude steel output rose 2.1% from a year earlier to 685.35 million tonnes in January to October, with the pace of growth falling 6.2 percentage points from the same period last year. Steel production grew 4.7% YoY to 934.47 million tonnes in January to October period, slowing 6.9 percentage points from the year ago level. Coke production fell 0.3% YoY to 395.1 million tonnes, compared to a growth of 8.2% recorded in the same period last year. Ferroalloy output gained 6.3% YoY to 31.25 million tonnes, with the pace narrowing 6.7 percentage points from a year earlier.
2. Export/Import
In January to October of this year, China exported 73.89 million tonnes of steel products, up 42.2% from the corresponding period of 2013. Imports hit 12.09 million tonnes, a YoY growth of 4.1%. Iron ore imports amounted to 778.43 million tonnes, an increment of 16.5% from the year ago period. Coke exports reached 6.56million tonnes, up 100 percent from a year earlier.
3. Domestic Prices
Steel prices continued easing back. In October, China composite steel price index averaged 86.35 points, down 1.62 points month on month and down 3.41 points from the same month last year. To be specific, the average price of 6.5 mm high speed wire rod, 20 mm medium plate and 1.0mm cold rolled coil in August hit CNY 2,966 per tonne, CNY 3,092 per tonne and CNY 4,002 per tonne up CNY 20 per tonne, down CNY 96 per tonne and CNY 41 per tonne respectively from September 2014 and down 15.4%, 12.7% and 11.1% from a year ago.
4. Profit/Loss
In the first nine months of this year, China steel industry achieved a profit of CNY 121.7 billion down 4.7% from the same period last year. Ferrous metals mining and dressing industry posted a profit of CNY 55.5 billion decreasing by 14.7% from a year ago; steel smelting and processing industry recorded a profit of CNY 60.8 billion up 13.5% YoY.
Source-China steel information centre and industry database