China's Crude Steel Production for September Flat with Year Earlier

---

Researched by Industrial Info Resources China (Beijing, China)--Crude steel production in China totaled 67.54 million tonnes in September, roughly flat with the amount produced in September 2013, according to the National Development and Reform Commission (NDRC).

Crude steel production for the first nine months of the year totaled 618 million tonnes, an increase of 2.3% over the same period last year, according to the NDRC.

Coke output fell 0.4% during the first nine months to 354.34 million tonnes. Ferroalloy output rose 6.9% to 27.91 million tonnes.

China imported 699.07 million tonnes of iron ore during the first nine months of the year, a 16.5% increase over the same period last year. Coke exports totaled 5.78 million tonnes, up 10%. Steel exports rose 39.3% to 65.35 million tonnes, while steel imports increased 5% to 11.01 million tonnes.

Prices for steel products continued to fall in September. The average comprehensive steel price index was 87.96 points, a drop of 3.21 points from the previous month, and a drop of 13.42 points from September 2013.

China's iron and steel industry profits reached $16.89 billion during the first three quarters of 2014, a 0.7% increase over the same period last year. Mining and ferrous-metal processing profits fell 9.8% to $7.94 billion. Iron and steel smelting and processing profits jumped 21.2% to $8.19 billion.

Industrial Info tracks more than 10,200 operational plants and 14,100 active projects in China, with a total investment of more than $2 trillion, including more than 4,200 operational plants and 4,500 active projects Metals and Minerals projects with a total investment of more than $640 billion.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.