News Room - Steel Industry

Posted on 19 Jul 2024

Steel output at key Chinese steel hubs rises in June

Crude steel production among China's top 10 steelmaking provinces and autonomous regions ticked up by 2.8% on year to reach 66.3 million tonnes during June, with six of them posting on-year gains, the data from the country's National Bureau of Statistics (NBS) showed.

Notably, East China's Shandong, Southwest China's Guangxi, South China's Guangdong and Southeast China's Fujian all showed double-digit on-year growth in their crude steel output in June. Fujian posted the largest increase of 32.8% on year, with production reaching 3.2 million tonnes, Mysteel Global notes. 

The surge in crude steel output in Fujian was mainly attributed to major local steel producer Sansteel Minguang which commissioned a new blast furnace in April, leading to significant on-year rises in its steel production the following months, as reported. 

In contrast, China's largest and second-largest steel production hubs Hebei and Jiangsu saw their crude steel production decline on year in June, down 2.71% and 2.67% respectively to 19.4 million and 10.2 million tonnes, according to NBS. 

Lower profitability and slack demand from end-users battered the production enthusiasm of Hebei's steelmakers during June, according to a market source. 

For the first half of this year, China's top 10 steelmaking provinces and autonomous regions witnessed an uptick of 0.5% on year in crude steel production to reach 384.7 million tonnes, though the country's total output dipped 1.1% on year to 530.6 million tonnes, the NBS data showed. 

Table-1 Jun steel output among China's top 10 steel-producing hubs 

Ranking

Province/Autonomous Region

Volume (mln t)

Y-o-Y (%)

1

Hebei

19.41

-2.71

2

Jiangsu

10.21

-2.67

3

Shandong

6.79

10.41

4

Liaoning

6.28

-2.94

5

Shanxi

6.22

3.49

6

Guangxi

4.22

24.85

7

Guangdong

3.68

22.67

8

Anhui

3.28

0.31

9

Fujian

3.24

32.79

10

Hubei

3

-11.24

Total

 

66.33

2.77

Source: NBS

 

Table-2 Jan-Jun steel output among China's top 10 steel-producing hubs

Ranking

Province/Autonomous Region

Volume (mln t)

Y-o-Y (%)

1

Hebei

113.49

-2.37

2

Jiangsu

62.58

-1.06

3

Shandong

38.1

0.74

4

Liaoning

35.88

-6.88

5

Shanxi

31.89

-7.59

6

Guangxi

23.61

18.82

7

Guangdong

21.96

20.20

8

Fujian

19.73

19.72

9

Anhui

18.87

-2.23

10

Hubei

18.6

1.09

Total

 

384.71

0.53

Source: NBS

 

Source:Mysteel Global