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[Ferro-Alloys.com]According to National Bureau of Statistics data, China’s crude steel output was 66.276 million tons, increased by 1.2% M-O-M and increased by 12.8%Y-O-Y. Ferroalloy output was 2.938 million tons, increased by 5.7%M-O-M and increased by 6.5% Y-O-Y.

 

The total output of China’s crude steel was 521.842 million tons from Jan to Jul, increased by 7.8% Y-O-Y; the total output of ferroalloy was 22.864 million tons from Jan to Jul, increased by 10.3% Y-O-Y.

 

The price of steel trended to increase from August, the operation of steel mill has started to ascend, and the output was going to increase slightly. Affected by the ferroalloy rebounding, the price of ferroalloy has increased since late August. Compared to the output in July, the total output has increased by 5.7%, increased by 6.5% Y-O-Y. In the fourth quarter, the operation of ferroalloy mills kept stable. The output would increase steadily, the total output would achieved to 34.5-35 million tons in the whole year.