Chinese crude steel production rose 2% from 50.71 million metric tonnes in September to 51.75 million tonnes in October. This is 44% higher than October 2008 crude steel production.
Finished steel exports continued to climb from the 1.35 million tonnes low reached in May 2009 to a level of 2.71 million tonnes in October. But exports remained low compared to last year October’s 4.62 million tonnes. Net finished steel exports grew to 1.23 million tonnes and apparent domestic consumption of finished steel grew a marginal 1% to 48 million tonnes.