China's Crude Steel Output Drops 3.2% in First-Quarter 2016

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Researched by Industrial Info Resources (Beijing, China)--China's crude steel output totaled 192.01 million metric tonnes in first-quarter 2016, a drop of 3.2% from the same period last year, according to China's National Development and Reform Commission (NDRC).

Output of steel products reached 262.3 million metric tonnes, about the same as last year; coke output was 102.68 million metric tonnes, decreasing 8.9% from last year; and ferroalloy production was 8.16 million metric tonnes, a slight increase of 0.2% from the same period in 2015, according to the NDRC.

China's steel exports reached 27.83 million metric tonnes, an increase of 7.9% from the same quarter of last year; steel imports fell 3.3% to 3.13 million metric tonnes; and coke exports dropped 0.8% to 1.62 million metric tonnes. Iron ore imports rose 6.5% to 241.56 million metric tonnes and coke exports jumped 22.1% to 2.74 million metric tonnes.

The average comprehensive steel price index reached 67.13 in March, an increase of 8.59 points over the previous month and drop of 7.54 points from the same period of last year.

China's output of ten major nonferrous metals reached 12.06 million metric tonnes, a drop of 0.4% from the same period of last year; aluminum ingots output was 7.34 million metric tonnes, a drop of 2%; copper reached 1.99 million metric tonnes, an increase of 8.5%; lead dropped 5.8% to 0.93 million metric tonnes; and zinc dropped 1% to 1.45 million metric tonnes. The output of alumina totaled 14.35 million metric tonnes, a drop of 0.5% from the same quarter of last year.

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