Operation of China's steel industry from January to August 2022

Steel production has declined. According to the data of the National Bureau of Statistics, the output of pig iron and crude steel in China from January to August was 582.171 million tons and 693.149 million tons, respectively, down 4.1% and 5.7% year on year.

The import and export volume of steel products decreased generally. According to the data of the General Administration of Customs, China exported 46.23 million tons of steel from January to August, down 3.9% year on year. Among them, 6.15 million tons of steel were exported in August, up 21.9% year on year and 7.8% month on month. From January to August, China imported 7.45 million tons of steel, down 21.2% year on year. Among them, 890000 tons of steel were imported in August, down 15.9% year on year.

The price of steel has rebounded. According to the monitoring of China Iron and Steel Industry Association, China's comprehensive steel price index at the end of August was 114.37 points, up 2.91 points month on month, or 2.6%.

Imports of minerals declined. According to the data of the General Administration of Customs, the import volume of iron ore and concentrate in China from January to August was 722.92 million tons, down 3.1% year on year. Among them, in August, China imported 96.21 million tons of iron ore and concentrate, down 1.2% year on year.